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2026-07-23 18:29 22d ago
2026-07-23 10:45 23d ago
Cathie Wood Accelerates SpaceX Stock Buying Spree As Tesla-SpaceX Merger Odds Hit 90%
ARK ARK
CoinGecko News
Original source text
Cathie Wood Accelerates SpaceX Stock Buying Spree As Tesla-SpaceX Merger Odds Hit 90%
2026-07-23 18:29 22d ago
2026-07-23 12:04 23d ago
Michael Saylor Announces Launch of Bitcoin Security Consortium, Commits $15 Million Over Three Years
ARK ARK BTC Bitcoin
CoinGecko News
Original source text
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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2026-07-23 18:29 22d ago
2026-07-23 12:22 23d ago
Bitcoin Security Alliance Launched! Nine major firms including Strategy, BlackRock, and Coinbase have joined, committing $15 million to fund core developers and quantum-resistant research.
ARK ARK BTC Bitcoin
CoinGecko News
Original source text
Robinhood CEO’s official Twitter account posts suspicious messages, suspected of being hacked.

Robinhood CEO Vlad Tenev’s X account was reportedly hacked, leading to an abnormal post published in the early morning that announced the launch of Robinhood Chain’s so-called "official" mascot token Vladhood (VLAD), along with the token’s contract address. The token’s contract page was later flagged as "SCAM" in the Robinhood Chain block explorer, alerting users to potential fraud risks. The post has since been removed.

1 seconds ago

AMD saw a short-term drop of more than 5%, while Helios has entered full-scale production and is nearing shipment.

According to market data from BIT (bit.com), AMD (AMD.O) shares have fallen to an intraday low, currently down 4.72%, after earlier rising 0.66%. AMD CEO Lisa Su just announced the launch of the Helios AI server full rack, noting that Helios has entered full-scale production and will begin shipping soon; the MI450 AI accelerator will become the industry's highest-performance AI accelerator.

1 seconds ago

SpaceX has released the live stream page for its 13th Starship flight, with today’s launch probability currently reported at 64%.

According to PolyBeats' monitoring, SpaceX has just released the official live stream page for its 13th Starship flight test, which lists the live stream start time as 6:14 AM (UTC+8) on the 24th. On prediction market Polymarket, the "yes" probability for the question "Will SpaceX launch Starship today (local time 23rd)?" is currently at 64%, while the probability of a launch this month stands at 91%. Starship Flight 13 previously aborted automatically roughly 1 second before clearing the launch pad on the morning of July 17. The U.S. Federal Aviation Administration (FAA), in its latest operational plan released today, continues to list SpaceX’s 13th Starship flight test as a scheduled task for the day. Flight 13 is now targeted for launch as early as 17:45 local time in Texas, or 06:45 Beijing time on July 24, with a 90-minute launch window extending to 08:15 Beijing time. Real-time data from Next Spaceflight shows all 19 launch preparation conditions—including rocket testing, stacking, airspace notices, and maritime warnings—have been completed, with no new technical faults or delay announcements reported to date. --------------------------------- Be among the first to glimpse the future. Follow @PolyBeats_Bot See tomorrow, today. Follow @PolyBeatsEN

1 seconds ago

Citrini’s view: Bullish on AMD, bearish on NVIDIA. Coding AI is eroding NVIDIA’s competitive moat from the software side, marking the end of its CUDA moat.

Citrini analyst Jukan, citing recent core views from DeepSeek founder Liang Wenfeng, pointed out that AI-driven code generation and high-level programming languages like TileLang are rapidly lowering entry barriers to the CUDA ecosystem. While DeepSeek uses NVIDIA GPUs to train its V3 model, it has significantly reduced its reliance on NVIDIA’s software ecosystem via its self-developed compiler and TileLang environment. Earlier, Liang projected that porting TileLang and DeepSeek’s compiler to Huawei chips would largely resolve China’s chip ecosystem issues in about a year, with production capacity being the only remaining bottleneck. Liang quantified the China-U.S. chip gap: hardware efficiency is roughly four times lower, and there is a roughly two-year time lag. He also revealed that DeepSeek is working closely with Huawei, expecting to obtain around 16,000 Huawei AI chips, and the Huawei 950 SuperNode can replace the workloads of NVIDIA’s GB200/GB300. Analyst Jukan characterized this as "the end of CUDA’s moat" and holds a highly bearish outlook on NVIDIA. Jukan added that this line of reasoning is precisely one reason for being bullish on AMD: advances in coding AI will also naturally accelerate the development of the ROCm ecosystem, helping narrow its gap with CUDA. When AMD recently invested in Anthropic, it announced it would actively use Claude Code for chip design and software engineering. Overall, advances in AI programming tools are systematically eroding NVIDIA’s competitive barriers from the software side. China’s chip ecosystem issues will be rapidly resolved thanks to code generation capabilities, while AMD will benefit from ROCm’s accelerated growth. The CUDA moat NVIDIA relies on to retain developer loyalty is facing a two-pronged attack, and catching up in hardware efficiency and production capacity is only a matter of time.

1 seconds ago

AMD: AI Accelerator Market to Reach $1.4 Trillion by 2030

AMD CEO Lisa Su stated that the AI accelerator market is projected to reach $1.4 trillion by 2030. AI accelerators are specialized hardware designed for AI computing tasks such as matrix operations in deep learning, capable of processing massive parallel workloads with far higher efficiency and energy efficiency than traditional CPUs. Mainstream types include NVIDIA GPUs and custom ASICs from vendors like Broadcom, which serve as the core computing backbone driving large model training and inference.

1 seconds ago

Data: Approximately 75% of BMEX tokens have never been claimed or put into circulation, with only 8% allocated at the time of listing.

On-chain visualization analytics platform Bubblemaps noted that after BitMEX announced it would officially cease operations in September, its platform token BMEX plummeted by roughly 95% today. However, per the token economics model released in 2021, 92% of BMEX tokens are locked in vesting contracts, with only 8% allocated at launch — 5% via airdrop and 3% for product and liquidity purposes. On-chain data shows the only token withdrawal occurred on November 2, 2022, when the product and liquidity address received 63.75 million BMEX. Meanwhile, approximately 75% of tokens originally earmarked for employee incentives, ecosystem growth, and long-term reserves have never been withdrawn and have never entered circulation. Bubblemaps added that this is not necessarily a violation, but per the publicly disclosed allocation plan, these large portions of tokens have indeed never been actually distributed. BlockBeats previously reported that notably, the platform’s current handling of BMEX tokens is very limited, with no additional compensation or special arrangements. The only action explicitly mentioned in BitMEX’s official shutdown announcement today is that the platform has immediately unstaked all staked BMEX tokens and returned them directly to holders’ accounts. Per BitMEX’s earlier announcement, BMEX is a pure platform utility token, not equity, debt, or an asset with promised returns. The official disclaimer states that BMEX is only used for features such as trading fee discounts and staking rewards on the BitMEX platform, does not constitute an investment, and the platform assumes no refund or exchange liability.

1 seconds ago
2026-07-23 18:29 22d ago
2026-07-23 12:37 23d ago
BlackRock, ARK Invest, Strategy form Bitcoin Security Consortium
ARK ARK BTC Bitcoin
CoinGecko News
Original source text
Some of the biggest names in the Bitcoin industry have united to form a new consortium dedicated to strengthening Bitcoin’s long-term security.

The group, called the Bitcoin Security Consortium, includes Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, Galaxy, and Strategy, according to a Thursday statement.

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Under the initiative, members have collectively pledged $15 million over three years to support developers and researchers working on Bitcoin’s long-term security, including preparations for the future era of quantum computing.

“As long-term holders, we have every incentive to see Bitcoin remain secure for generations. Funding the people who do this work, and helping inform the conversation around it, is a natural way for us to contribute,” Strategy CEO Phong Le stated.

The consortium will also act as a central source of reliable information on Bitcoin security developments for investors, the public and the media, while allowing each member to direct its own funding independently.

The consortium stressed that it will not influence Bitcoin’s protocol or governance, saying development will remain decentralized. It added that although quantum computers capable of threatening Bitcoin do not yet exist, supporting research into post-quantum cryptography is a prudent long-term investment.

“Bitcoin Core developers do incredibly important work, and we’re pleased that our firm and the others in this group will now be making significant additional funding available to support Bitcoin’s long-term security needs,” Robert Mitchnick, Global Head of Digital Assets at BlackRock, commented.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
2026-07-23 18:29 22d ago
2026-07-23 14:54 22d ago
Michael Saylor rallies Wall Street to confront Bitcoin’s quantum threat
ARK ARK BTC Bitcoin
CoinGecko News
Original source text
Michael Saylor’s Strategy has joined eight financial firms in pledging $15 million over three years to protect Bitcoin, starting with preparations for potential quantum-computing threats.

Summary

Strategy and eight financial firms pledged $15 million to strengthen Bitcoin’s long-term security. BlackRock, Coinbase, ARK Invest and others will independently fund developers and researchers. Quantum readiness will be the consortium’s first focus despite uncertain threat timelines. Strategy announced the Bitcoin Security Consortium in a press release, naming Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets and Galaxy Digital as its other founding members.

Today we're announcing the Bitcoin Security Consortium @BTCconsortium: a group of leading financial institutions and Bitcoin companies supporting the long-term security of the Bitcoin network.

Members have pledged $15 million toward this work over the next three years. pic.twitter.com/0Wh4G7xEqJ

— Strategy (@Strategy) July 23, 2026 Drawn from several parts of the institutional Bitcoin market, the coalition includes exchange-traded fund issuers, custodians and infrastructure companies. BlackRock, Fidelity and ARK Invest issue spot Bitcoin ETFs, while Anchorage Digital and Coinbase provide custody services. Block, Blockstream and Galaxy Digital operate businesses tied to Bitcoin infrastructure and financial products.

Rather than combining the $15 million under a central fund, each founding member will choose which developers, researchers and organizations receive its share, according to Strategy. The model allows the companies to finance different projects while coordinating their security work through the consortium.

Brink Executive Director Mike Schmidt will coordinate the consortium’s daily operations in a volunteer capacity, Strategy stated. Addressing concerns about his independence, Schmidt wrote on X that he will receive no compensation and will continue running Brink separately from the founding firms.

“I continue to run Brink, independent of any Consortium member. I’ve committed to a year in this role, maybe I’d do two, but ultimately I see it as a seat that should rotate to other participants over time. My commitment is to Bitcoin, and that doesn’t change.”

Today nine institutions including BlackRock, Fidelity, Coinbase, and Strategy announced the Bitcoin Security Consortium (@BTCconsortium), pledging $15M toward Bitcoin security work over the next three years. I've agreed to help coordinate the group's work as a volunteer.

I said…

— Mike Schmidt (@bitschmidty) July 23, 2026 Wall Street funding targets Bitcoin security research Under its initial plan, the consortium will support developers and researchers already working on Bitcoin security, with quantum readiness serving as its first focus, according to Strategy. Schmidt added that the group could finance other security projects if the initial program proves effective.

Protocol decisions will remain outside the consortium’s control. In his X post, Schmidt stated that the group will not adopt collective positions on Bitcoin upgrades, leaving members to direct their funding independently while developers use the network’s existing review process.

Galaxy Digital had committed separate funds to the field before joining the consortium. As crypto.news reported earlier this week, the company opened applications for a $5 million Bitcoin Quantum Readiness Initiative supporting quantum-resistant signatures, wallet migration tools and independent security audits.

According to Galaxy, introducing post-quantum protections would require years of cooperation among Bitcoin Core developers, exchanges, wallet providers, infrastructure companies and users. Its grant program also invites other institutions to contribute money and research to the effort.

Galaxy’s initiative and the consortium pledge have placed $20 million behind the two disclosed programs. The commitments remain separate, however, as Strategy’s consortium allows every member to control its own grants.

Bitcoin’s quantum exposure carries a market cost Future quantum computers could threaten Bitcoin if they become capable of breaking the elliptic curve cryptography that protects its wallets, according to the companies and researchers behind the programs. Galaxy noted that current machines cannot perform such an attack and most experts do not expect an immediate danger.

Despite the uncertain timeline, Galaxy argued that preparations must start early because deploying new protections across Bitcoin could take years. The company has prioritized alternative signature algorithms, tools that help users transfer funds into safer wallets and audits that test proposed defenses.

CryptoQuant research cited by Galaxy estimated that around 6.9 million BTC could become exposed if a sufficiently powerful quantum computer broke Bitcoin’s existing cryptography. Using market prices from its announcement, Galaxy valued those potentially vulnerable holdings at about $461 billion.

Citi has reached a similar estimate, according to an earlier crypto.news report. The bank calculated that between 6.5 million and 6.9 million BTC may already have public keys visible on-chain, creating a pool of coins that researchers consider more vulnerable to a future quantum attack.

Lost wallets pose another problem because their owners cannot transfer the coins to addresses protected by updated cryptography. Quantus warned in a previously reported assessment that quantum development may be advancing faster than earlier estimates, which could leave dormant and inaccessible holdings without a practical migration route.

Concern over the issue has also entered Bitcoin valuation models. As crypto.news reported in early June, Capriole Investments founder Charles Edwards estimated that Bitcoin was trading at a 28% “quantum discount” compared with his projected valuation path toward $120,000.

Bitcoin traded near $62,099 following a sharp selloff when Edwards presented the model. He attributed the discount to investor concern over what he described as slow progress among Bitcoin Core developers on post-quantum signature planning.

Prediction-market traders remain less worried about the immediate timeline. Polymarket data placed the probability of quantum computing breaking Bitcoin by December 2027 at 14%.

With Strategy coordinating institutional participation and Galaxy already accepting grant applications, the funding gives researchers additional resources before quantum computers pose a proven threat. The consortium’s first test will be whether independently directed grants produce usable security tools without influencing Bitcoin’s protocol governance.
2026-07-23 18:29 22d ago
2026-07-23 17:31 22d ago
Cathie Wood buys $14M Circle dip as CRCL stock tests key support
ARK ARK
CoinGecko News
Original source text
Cathie Wood’s ARK Invest has purchased 220,012 Circle Internet Group shares worth about $13.9 million as CRCL stock has fallen below $64 and every major daily moving average.

Summary

ARK Invest purchased 220,012 Circle shares worth about $13.9 million during CRCL’s decline. CLARITY Act progress could improve regulatory certainty for Circle and other digital-asset companies. CRCL remains below major moving averages despite an improving daily MACD signal. According to ARK Invest’s trading disclosure, the firm divided the purchase among three actively managed exchange-traded funds. The ARK Innovation ETF acquired 159,517 shares, while the ARK Next Generation Internet ETF and ARK Fintech Innovation ETF added 42,400 and 18,095 shares, respectively.

The transaction extended ARK’s buying during a steep decline in Circle’s market value. CRCL traded at $63.38 on July 23 after falling 4.20%, with the session producing a high of $65.41 and a low of $61.49, according to the daily TradingView chart.

Circle’s stock has struggled as weaker sentiment toward crypto-linked companies has reduced investors’ willingness to hold volatile digital-asset equities. Circle operates USDC, a dollar-backed stablecoin used across exchanges, payment services and decentralized finance applications.

Wood’s purchase suggests ARK remains willing to increase its exposure during the decline, although the investment manager has not guaranteed that CRCL has reached a bottom. ARK describes its investment approach as focused on companies tied to disruptive technologies and long-term growth, a strategy that can leave its funds exposed to sharp price swings.

Earlier this week, ARK used a similar approach with another high-volatility holding. As reported by crypto.news, four ARK funds purchased 170,634 SpaceX shares worth about $20.45 million while the stock traded below its $135 initial public offering price.

SpaceX then climbed 7.10% to $128.37, handing ARK an early unrealized profit on the new position, according to the crypto.news report. Although SpaceX and Circle operate in different industries, the transactions show ARK adding to selected companies after large declines rather than waiting for their charts to confirm a recovery.

CLARITY Act progress offers Circle a regulatory catalyst Circle’s outlook has also become tied to negotiations over the Digital Asset Market Clarity Act, which could establish federal rules for digital-asset markets and divide regulatory responsibilities between the Securities and Exchange Commission and the Commodity Futures Trading Commission.

Senator Cynthia Lummis released an updated version of the legislation on July 22, combining texts advanced by the Senate Banking and Agriculture committees. In her announcement, Lummis described the coming weeks as a critical window for reaching an agreement that could allow the bill to become law.

Senate Banking Committee Chairman Tim Scott and Senate Agriculture Committee Chairman John Boozman have backed the revised framework. According to Lummis’ official release, Boozman argued that the proposal would give consumers, companies and markets clearer rules while adding safeguards for digital-asset activity.

For Circle, passage could reduce uncertainty surrounding businesses that issue stablecoins or provide related financial services. Such an outcome may make it easier for institutions to assess USDC-based products, but the proposal still requires enough Senate support and final approval before its provisions can take effect.

The latest draft faces political obstacles despite Republican support. Some Democrats have reportedly objected to the proposal’s treatment of crypto-related conflicts involving government officials, an issue that could complicate efforts to secure the 60 votes generally needed to advance legislation in the Senate.

CRCL remains bearish despite improving MACD momentum CRCL’s daily chart shows that sellers still control the main trend even though one momentum indicator has started to improve. At $63.38, the stock sits below its 20-day simple moving average at $65.68, while the 50-day average is much higher at $84.24.

Circle daily price chart | Source: TradingView Longer-term resistance remains even further away. The chart places the 100-day moving average at $95.02 and the 200-day average at $92.14, leaving CRCL below all four trend indicators after a decline from its May peak near $140.

A recent rebound reached the $70–$72 region but failed to hold, according to the chart. Buyers would first need to recover the 20-day average at $65.68 before challenging that recent rejection zone. A daily close above $72 would provide stronger evidence that demand is returning, while the 50-day average at $84.24 would remain the next major obstacle.

On the downside, the July 23 intraday low places immediate support near $61.50. The chart also shows a demand area between $58 and $60, where buyers previously interrupted the decline. A sustained move below $58 would extend the sequence of lower lows and leave CRCL vulnerable to another leg down.

Momentum has offered one early sign of relief. The daily moving average convergence divergence line has risen to minus 4.74, above its signal line at minus 6.10, while the histogram has turned positive at 1.36.

Because both MACD lines remain below zero, the chart indicates that selling momentum has eased without confirming a trend reversal. Until CRCL recovers $65.68 and then $70–$72, ARK’s latest purchase remains a bet against an established downtrend rather than confirmation that Circle stock has formed a durable bottom.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
2026-07-23 18:29 22d ago
2026-07-23 16:29 22d ago
President Trump Considering ‘Largest Ever’ Military Strike on Iran: Report
STRIKE Strike
CoinGecko News
Original source text
President Trump is weighing a major military strike on Iran that would exceed the scale of previous operations.

He describes the potential action as bigger than anything attempted before, and says the US stands ready to proceed without outside help, reports Axios.

“I am considering a massive attack. Bigger than ever before. I am close to making a decision. We are all set for it.”

The president has previously issued forceful warnings that did not immediately translate into action.

But markets are reacting to mounting tensions, with oil prices surging above $100 a barrel and the Dow Jones Industrial Average plunging more than 500 points on the heightened risk of wider conflict.

Trump says the US doesn’t “need anybody” to carry out the attack, adding that Israel “would join in two minutes if I asked them to.”
2026-07-23 18:29 22d ago
2026-07-23 14:20 22d ago
USD, Platinum and Palladium Forecasts: Resistance Still Holds the Cards
PALLADIUM Palladium PLATINUM Platina
FMP Forex News
Original source text
Palladium daily chart, holding near 1,266 within a marked-up channel structure. Source: GoldPriceForecast.com Let’s begin with a quick recap before today’s update:

“(…) only a successful close of that gap would open the door for buyers to revisit the recent local highs and challenge the key resistance zone between 1324 and 1363, where the upper boundary of the red declining channel is also located.(…)”

So far, the market continues to develop exactly as expected.

The above-mentioned bearish gap has been filled, and buyers once again challenged the key resistance zone between 1324 and 1363, approaching the upper boundary of the red descending channel.

Once again, however, resistance proved too strong.

Buyers ran out of momentum before breaking higher, leading to another bearish gap (1293-1309) that quickly attracted fresh selling pressure. Over the following hours, palladium dropped back below the lower boundary of the green ascending channel.

What happens next?

If today’s session closes below that support, the 1250 area comes back into play.

More importantly, a daily close below the channel would confirm the broader bearish scenario, opening the door for a move toward 1180 over the coming days.

Today’s Takeaway Dollar (DX.F)

Price is testing the upper edge of the red descending channel. Above the recent highs, the next areas of interest on the chart sit at 102.00–102.10 and 102.41–102.50. The bullish scenario remains valid unless the breakout fails. Platinum (PL.F)

1553 is the level currently defining the range. Holding above support keeps consolidation alive. Break below 1553 -> opens the door toward 1540 and potentially the recent swing low. Palladium (PA.F)

The green ascending channel remains the key level to watch. Daily close below the channel -> increases the probability of a move toward 1250. Continued bearish momentum could extend the decline toward 1180. These are chart observations, not recommendations.
Anna
2026-07-23 18:19 22d ago
2026-07-23 14:02 22d ago
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Dives 2% As Oil Prices Rally FMP Forex News
Original source text
Gold Is Under Pressure As Oil Markets Soar 7.5%

Gold 230726 Daily Chart Gold is losing ground as traders focus on the major rally in the oil markets. Oil prices are up by 7.5% as Houthis attacked Saudi Arabia’s tankers. Brent oil climbed above the psychologically important $100 level as traders prepared for major supply disruptions. The Strait of Hormuz is de-facto closed, and the Bab al-Mandab Strait may be shut by the Houthis.

Treasury yields gained ground as bond traders bet that Fed will be forced to raise rates to fight inflation triggered by high oil prices. The yield of 2-year Treasuries settled above the 4.35% level, while the yield of 10-year Treasuries moved towards 4.70%. FedWatch Tool indicates that there is a 35.8% chance that Fed will raise rates at the meeting next week. The probability of a rate hike in September is estimated at 82.7%. Rising Treasury yields and hawkish Fed policy outlook is bearish for gold that pays no interest.

U.S. dollar gained ground against a broad basket of currencies as demand for safe-haven assets increased amid rally in the oil markets. Stronger dollar put additional pressure on gold markets in today’s trading session.

Currently, gold is trying to settle back below the support at $4020 – $4040. In case this attempt is successful, gold will move towards the next support level, which is located in the $3930 – $3950 range. A move below the $3930 level will indicate that gold markets are ready to gain additional downside momentum. RSI is in the moderate territory, so there is plenty of room to gain momentum in case the right catalysts emerge.

Silver Dives As Gold/Silver Ratio Climbs Above 70 Silver 230726 Daily Chart Silver is under strong pressure as gold/silver ratio settled back above the 70.00 level. In case gold/silver ratio stays above 70.00, it will head towards recent highs near the 72.50 level, which will be bearish for silver.

From the technical point of view, silver pulled back towards the support level at $56.00 – $57.00. If silver manages to settle below the $56.00 level, it will move towards the next support level at $51.00 – $52.00.

On the upside, silver needs to settle above the resistance level at $61.00 – $62.00 to have a chance to gain sustainable upside momentum in the near term. A move above $62.00 will push silver towards the 50 MA at $65.79.

Platinum 230726 Daily Chart Platinum is losing ground amid broad pullback in precious metals markets. Palladium markets are down by -3%, which is bearish for platinum.

Platinum failed to settle above the $1650 level and pulled back below $1600. If platinum stays below the $1600 level, it will head towards the $1550 level. A move below $1550 will open the way to the test of the support at $1500 – $1520.

On the upside, a move above $1650 will push platinum towards the resistance at $1680 – $1700. In case platinum settles above $1700, it will head towards the 50 MA at $1727.

If you’d like to know more about how to trade gold and silver, please visit our educational area.
2026-07-23 18:19 22d ago
2026-07-23 13:10 22d ago
Will Expedia (EXPE) Beat Estimates Again in Its Next Earnings Report?
EXPE Expedia
FMP Stock News
Original source text
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Expedia (EXPE - Free Report) , which belongs to the Zacks Leisure and Recreation Services industry.

When looking at the last two reports, this online travel company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 24.13%, on average, in the last two quarters.

For the most recent quarter, Expedia was expected to post earnings of $1.41 per share, but it reported $1.96 per share instead, representing a surprise of 39.01%. For the previous quarter, the consensus estimate was $3.46 per share, while it actually produced $3.78 per share, a surprise of 9.25%.

Price and EPS Surprise

Thanks in part to this history, there has been a favorable change in earnings estimates for Expedia lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Expedia has an Earnings ESP of +7.86% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on August 5, 2026.

When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.

Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
2026-07-23 18:18 22d ago
2026-07-23 12:01 23d ago
Otis Took Another Guidance Cut—But the Story Isn't Over
OTIS Otis Worldwide Corp
FMP Stock News
Original source text
Otis Worldwide Today

$69.44 -0.97 (-1.37%)

As of 02:17 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$69.16▼

$94.57Dividend Yield2.53%

P/E Ratio18.52

Price Target$95.45

Otis Worldwide NYSE: OTIS just gave income investors a gift wrapped in a sell-off. Shares dropped by more than 2% the day the elevator giant reported Q2 2026 earnings. 

The company met expectations with adjusted earnings per share (EPS) of $1.01. Then, management trimmed its profit outlook for the second consecutive quarter.

Get Otis Worldwide alerts:

But look past the short-term outlook, and a different story emerges. Sales are growing, the backlog is the strongest it's been in years, and the company’s dividend keeps getting bigger.

For investors willing to separate this quarter's cost pressure from next year's payoff, Otis looks less like a broken story and more like a company in the middle of a renovation.

Otis Earnings Show Strong Sales, But Margin Pressure PersistsNet sales in the quarter climbed 7% year-over-year to $3.86 billion, with organic growth of 6%. Service, which is Otis's highest-margin, most durable business at 94% of segment operating profit, grew organic sales 9%. Modernization orders were up 24%, and the backlog was up a striking 26% on a constant currency basis. That backlog number is a leading indicator of revenue that Otis hasn't even booked yet.

That was the good news. The bad news showed up in margins. Adjusted operating profit fell to $587 million from $612 million, and adjusted operating margin contracted 180 basis points to 15.2%. Adjusted EPS, as stated earlier, came in at $1.01, down from $1.05 a year ago. New Equipment was the drag. Sales were flat, but operating profit was down 41% as new-equipment sales in China fell in the "high teens" and productivity investments bit into margins.

Why Otis Lowered Guidance Despite Solid Revenue GrowthOtis didn't touch its sales outlook. Total net sales guidance stays at $15.1B to $15.3B, still framed as "up low to mid-single digits" organically. What moved was cost: management now expects constant-currency adjusted operating profit down $45 million to $15 million for the year, versus a prior call for growth of $20M–$60M. Translate that to EPS, and 2026 guidance lands at $4.01 to $4.05, essentially flat against 2025's $4.05.

The culprit is a familiar one in this earnings season. That is, labor and material cost inflation outrunning pricing gains in the near term. The cut is also due to $20 million in spending to balance micro-pricing against customer retention, and $50 million in productivity and field-cost initiatives that management is choosing to absorb now rather than defer.

Why OTIS Still Appeals to Dividend InvestorsOtis raised its dividend by 5% this quarter and still repurchased approximately $400 million in stock. That brought year-to-date buybacks to approximately $800 million. That’s unchanged from the company’s prior guidance despite the profit cut.

Adjusted free cash flow guidance did dip slightly, to $1.5B–$1.55B from $1.6B–$1.65B, but management isn't pulling back capital return to fund the investment cycle. That should make investors comfortable that Otis is treating margin pressure as a controllable, temporary cost of building future capacity, not a sign of a deteriorating business.

The bet for income-oriented investors is straightforward: get paid a growing dividend to hold through a period where Otis is reinvesting in service quality, pricing discipline, and a backlog that's already up 26%. If modernization and repair volumes convert that backlog into revenue as planned in 2027, today's margin trough becomes tomorrow's operating leverage.

The Biggest Risks Facing OTISTwo consecutive guidance cuts on profitability is not nothing, and "flattish EPS" for a full year is a tough sell to growth investors. Labor and material cost inflation could persist longer than management expects. Also, a slowdown in its New Equipment business, particularly in China, where organic growth fell more than 20% in the first half, remains a genuine drag with no clear inflection point yet.

Otis Stock Tests Key Support After EarningsThe chart tells a story of a stock that’s still looking for a bottom. OTIS peaked near $96 in February 2026 and slid roughly 27% into a low near $70 by June, well below its 50-day SMA, which currently sits at about $72. That’s right where July 22's intraday decline stalled (high of $72.26) before reversing to close at $70.25.

The relative strength index (RSI) reading of 41, below its own 14-period average of 51, shows momentum has rolled over again after a brief attempt to reclaim the 50-day line in July. It's not oversold territory yet, but it's a stock that has repeatedly failed to hold above its 50-day average since March. This is a level bulls will want to see reclaimed and held before calling this a real turn.

OTIS chart displaying a price floor around $72, with RSI of 41.

For now, OTIS looks like a name in a basing pattern: beaten down, dividend-supported, and waiting on either a cost inflection or a technical breakout to confirm the next leg. But investors with a time horizon of over 12 months may be rewarded with growth as the company’s backlog drives future earnings.

Should You Invest $1,000 in Otis Worldwide Right Now?Before you consider Otis Worldwide, you'll want to hear this.

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The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.

Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.

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2026-07-23 18:18 22d ago
2026-07-23 13:40 22d ago
Why analysts are backing optical networking stocks like Lumentum now
LITE Lumentum Holdings
FMP Stock News
Original source text
Alphabet's latest earnings report has renewed optimism for companies like Lumentum supplying optical networking and data center components, even as investors scrutinize the rising cost of artificial intelligence infrastructure.

While some investors focused on Alphabet's higher capital expenditure plans, Stifel analysts said the company's results reinforced expectations that AI infrastructure spending remains robust.

“The first hyperscaler print this earnings cycle reinforces our view that the AI data center buildout is not decelerating,” the analysts wrote following Alphabet's quarterly results.

Alphabet's continued investment is viewed as a positive signal for suppliers of interconnects, optics and networking hardware used in AI data centers.

The company is one of several hyperscalers, alongside Microsoft and Amazon, that are investing heavily in expanding AI infrastructure.

According to Stifel, Alphabet's results support companies with significant exposure to AI data center deployments.

Stifel identified Lumentum Holdings, Celestica and Coherent as the hardware companies with the greatest exposure to Alphabet's spending.

The brokerage also pointed to Marvell Technology as an important supplier of optical digital signal processors, while Semtech was highlighted for its growing supply of active copper cable to Alphabet.

Monolithic Power Systems was also identified as having meaningful exposure through power-related products.

“This initial read is overwhelmingly positive for the space and should skew positive for the CapEx spend insights from the other hyperscaler reports to follow,” the analysts added.

The brokerage suggested investors could look at these companies ahead of earnings from other hyperscalers. Microsoft is scheduled to report results on July 29, followed by Amazon on July 30.

Lumentum shares gained after Barclays also upgraded the stock to Overweight, citing strong demand for the company's optical and laser components used in AI data centers.

Barclays also assigned a $1,000 price target while pointing to expectations ahead of Lumentum's fiscal fourth-quarter earnings in August.

Lumentum stock LITE gained 1.8% on Thursday's session.

Lumentum has increasingly positioned itself as a beneficiary of the AI infrastructure boom by expanding its portfolio of optical and photonic technologies.

According to Seeking Alpha analysts, the company has diversified beyond legacy telecommunications markets through acquisitions including Oclaro, NeoPhotonics, IPG Photonics and Cloud Light Technology.

These deals have expanded Lumentum's exposure to cloud computing, AI, machine learning and high-speed optical networking.

The company reported that its Cloud & Networking segment accounted for 85.7% of fiscal 2025 revenue, up from 58.9% in fiscal 2022 under its previous Telecom and Datacom reporting structure.

The analysts also highlighted several long-term growth opportunities, including Optical Circuit Switches, expanding optical scale-out deployments and the anticipated transition toward optical scale-up architectures beginning in 2028.

Lumentum reported fiscal third-quarter 2026 revenue of $808.4 million, up 90.1% year over year, supported by accelerating laser sales tied to AI infrastructure demand.

Looking ahead, the analysts said broader adoption of Co-Packaged Optics for application-specific integrated circuits could drive additional demand for Lumentum's next-generation ultra-high-power lasers beginning in 2027.

At the same time, the experts warned that Lumentum continues to face execution risks, including elevated debt levels, uneven cash generation and shortages of critical components that could affect future capacity expansion.
2026-07-23 18:16 22d ago
2026-07-23 13:07 22d ago
Southern Missouri Bancorp Q4 Earnings Call Highlights
SO Southern Company
FMP Stock News
Original source text
Southern Missouri Bancorp NASDAQ: SMBC reported stronger quarterly and full-year earnings as net interest income improved, operating expenses declined and tax credit investments lowered its tax provision, executives said on the company’s fiscal fourth-quarter earnings call.

President and Chief Administrative Officer Matt Funke said the June quarter, which closed the company’s fiscal year, benefited from higher net interest income, higher non-interest income, lower non-interest expense and a reduced income tax provision. Those gains were partly offset by a higher provision for credit losses.

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For the quarter, Southern Missouri earned $1.83 per diluted share, up $0.23, or about 14%, from the linked March quarter and up $0.44, or about 32%, from the June 2025 quarter. For fiscal 2026, the company earned $6.43 per diluted share, compared with $5.18 in fiscal 2025.

Funke said the 24% year-over-year increase in full-year earnings was “predominantly driven by stronger net interest income,” which reflected margin expansion as funding costs declined, along with nearly 5% average earning asset growth. He said the company generated a return on assets of 1.41% for fiscal 2026.

Loan Growth Remains Solid, But Management Expects Moderation Gross loan balances increased $69 million during the fourth quarter and were up $291 million, or 7.1%, from a year earlier. Funke said growth during the quarter was driven largely by construction and land development loans, one-to-four-family residential real estate, multifamily loans, agricultural real estate and seasonal agricultural production lending.

Loan originations totaled about $335 million in the quarter, up $85 million from the year-ago period, though Funke said several larger payoffs muted the impact. The expected 90-day pipeline rose by about $4 million from the prior quarter to $182 million.

Looking to fiscal 2027, Funke said management continues to expect mid-single-digit loan growth. However, he said growth could moderate from the 7% achieved in fiscal 2026 because the company is prioritizing core deposit relationships rather than wholesale funding to support new loan production.

Deposits increased about $67 million, or 1.5%, in the fourth quarter and were up roughly $126 million, or about 3%, year over year. Funke said deposit growth in the quarter was primarily driven by brokered deposits, noting that brokered balances were up just under $56 million from a year earlier. He said local deposit rate competition has increased and wholesale funding has sometimes been more cost-effective.

The company has begun rolling out a new suite of business accounts and adjusted employee incentives in an effort to grow lower-cost operating accounts over time, Funke said.

Net Interest Margin Holds Steady, But Funding Costs Could Pressure Results Net interest margin was 3.67% in the June quarter, unchanged from the March quarter and up from 3.47% a year earlier. Net interest income rose almost 3% from the linked quarter and about 10% year over year.

Chief Financial Officer Stefan Chkautovich said the margin included about three basis points of fair value discount accretion on acquired loan portfolios and premium amortization on assumed deposits, unchanged from the linked quarter. He also said the quarter included a $603,000 reversal of accrued interest income, which reduced the margin and average earning asset yield by about five basis points.

Chkautovich said Southern Missouri generated 22 basis points of net interest margin expansion in fiscal 2026, primarily due to lower-cost deposits in a declining rate environment. But he cautioned that the company could face core margin pressure in coming quarters because short-term rates have recently increased and deposit competition remains elevated. About 25% of total deposits are indexed to the 91-day Treasury bill, he said.

In response to an analyst question, Chkautovich said the 91-day Treasury rate was up about 14 basis points from the start of July for the company’s indexed deposits. He also said about $550 million of fixed-rate loans are maturing over the next 12 months, with new originations about 25 basis points above maturing loan rates. At the same time, roughly $1.3 billion of certificates of deposit are repricing, with new CD rates about 3 to 5 basis points above maturing rates.

Credit Costs Rise as Two Relationships Drive Charge-Offs Chairman and Chief Executive Officer Greg Steffens said adversely classified loans improved from the prior quarter, declining to $54 million, or 1.2% of gross loans. Non-performing loans fell $2.5 million to about $28 million, or 0.63% of gross loans, at June 30.

Non-performing assets, however, increased $1.5 million from the prior quarter to about $33.5 million, primarily due to a rise in other real estate owned. Steffens said the increase followed the foreclosure of a previously disclosed commercial loan relationship secured by commercial real estate and equipment. The equipment was liquidated, and the commercial real estate was transferred to other real estate owned. The company recognized a $1.2 million charge-off on the transfer, leaving a remaining carrying value of about $3.6 million.

Steffens also said the company downgraded a separate agricultural lending relationship to non-accrual status during the quarter. The borrower filed for Chapter 7 bankruptcy, and Southern Missouri recognized a $2.6 million charge-off, leaving remaining exposure of $5.9 million supported by additional specific reserves.

The provision for credit losses was $3.2 million in the quarter, up from $2.1 million in the March quarter. Chkautovich said net charge-offs totaled $4.3 million, up $4 million from the linked quarter, mainly related to the agricultural production loan and the commercial loan relationship transferred to other real estate owned.

The allowance for credit losses totaled $54.9 million at June 30, representing 1.25% of gross loans and 199% of non-performing loans. That compared with $55.9 million, or 1.29% of gross loans and 186% of non-performing loans, at March 31.

In the question-and-answer session, Chkautovich said the company could see some increase in provision expense in fiscal 2027 following its annual model adjustment. He said a potential allowance range could be about 1.25% to 1.35% of loans, depending on problem asset levels.

Steffens said management expects charge-offs to improve from the past two fiscal years, when they were 17 basis points and 18 basis points. He said the company is targeting progress toward historical levels of roughly 3 to 5 basis points annually.

Agricultural Portfolio Outlook Improves, But Reserves Remain Elevated Steffens said agricultural real estate balances totaled $296 million, or 7% of gross loans, while agricultural production and equipment loans totaled $219 million, or 5% of gross loans. Agricultural production and equipment balances rose $15 million from the prior quarter due to normal seasonality tied to planting and higher operating costs.

He said planting has been completed across Southern Missouri’s markets, with the projected 2026 crop mix consisting of about 30% soybeans, 30% corn, 20% cotton, 15% rice and 5% specialty crops. Steffens said favorable planting and timely rainfall have positioned most major crops for above-average yield potential.

Current commodity prices and expected yields are running about 10% to 15% above the company’s underwriting assumptions, partially offsetting elevated production costs and improving projected farm profitability, Steffens said. He added that higher USDA Price Loss Coverage and Agricultural Risk Coverage payments this fall should provide additional liquidity for many farmers.

Despite the improved outlook, Steffens said the company continues to maintain elevated reserves for its agricultural production portfolio because of prolonged pressure in the sector.

Capital Deployment, Expenses and M&A Southern Missouri increased tangible book value per share to $47.43, up $5.56, or 13%, from a year earlier. During fiscal 2026, the company repurchased 317,000 shares, or nearly 3% of average common shares outstanding at the start of the year, at an average price of $58.59. In the fourth quarter, it repurchased 4,000 shares at an average price of just over $69.

The company also announced an 8% increase in its quarterly dividend, raising it by $0.02 to $0.27 per share.

Non-interest expense declined 2.6% from the linked quarter, Chkautovich said, due mainly to lower other non-interest expense, occupancy and equipment expense, and data processing costs. For fiscal 2026, non-interest expense totaled $102.1 million, unchanged from fiscal 2025. Looking ahead, he said operating expenses are expected to “re-accelerate” in fiscal 2027 as the company invests in new employees and technology, with expense growth potentially in the mid-single digits to the low-to-high single digits depending on timing.

Steffens said discussions around mergers and acquisitions have remained active. He said there are approximately 75 banks with $500 million to $2 billion in assets within the company’s footprint, in addition to institutions in adjacent markets. In response to an analyst question, he said the company’s improved trading multiples and capital position make M&A more attractive than buybacks at current valuation levels.

“Our focus remains on disciplined execution, prudent risk management, and thoughtful capital deployment to deliver sustained, attractive returns to our shareholders,” Steffens said.

About Southern Missouri Bancorp (NASDAQ:SMBC)Southern Missouri Bancorp, Inc NASDAQ: SMBC is a bank holding company headquartered in West Plains, Missouri, serving as the parent of Southern Bank. The company focuses on delivering community banking services to individual and commercial customers across southern Missouri and northern Arkansas. It operates branch offices in local markets and provides a comprehensive suite of deposit and lending products tailored to both urban and rural communities.

Through its subsidiary, Southern Bank, the company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, alongside digital and mobile banking platforms.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in Southern Missouri Bancorp Right Now?Before you consider Southern Missouri Bancorp, you'll want to hear this.

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Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.

"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.

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2026-07-23 18:15 22d ago
2026-07-23 13:31 22d ago
Snap-on Q2 Earnings & Revenues Beat Estimates, Organic Sales Rise 3%
SNA Snap-On
FMP Stock News
Original source text
Key Takeaways Snap-on posted Q2 EPS of $4.96 and net sales of $1.24 billion, both above estimates.Commercial & Industrial sales climbed 13.8%, driven by 11% organic growth and acquisitions.Tools Group sales rose 3.6% as U.S. and international operations delivered 3% organic growth. Snap-on Inc. (SNA - Free Report) reported solid second-quarter 2026 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate and grew year over year. Results benefited from broad-based Commercial & Industrial Group growth and continued gains in the Tools Group.

Snap-on’s earnings of $4.96 per share surpassed the Zacks Consensus Estimate of $4.90. The figure increased from adjusted earnings of $4.72 per share in the year-ago quarter.

SNA’s Quarterly Performance: Key Metrics & InsightsNet sales totaled $1.24 billion, up 4.7% from the prior year, and topped the Zacks Consensus Estimate of $1.22 billion. Sales benefited from a 3% increase in organic sales ($35.5 million), $11.5 million of acquisition-related sales and an $8.7 million favorable impact from foreign currency fluctuations.

The gross profit of $635.2 million rose 6.7% year over year and the gross margin expanded 90 basis points (bps) to 51.4%. Our model expected a gross margin of 49.6%, down 90 bps from the year-ago quarter.

 Snap-on’s operating earnings before financial services totaled $268.9 million, up 3.8% year over year. As a percentage of sales, operating earnings before financial services decreased 20 bps to 21.8% in the second quarter.

Consolidated operating earnings (including financial services) were $336.4 million, up 2.8% year over year. As a percentage of revenues, operating earnings fell 30 bps year over year to 25.2%.

Snap-on’s Q2 Segmental AnalysisSales in the Commercial & Industrial Group rose 13.8% from the year-ago quarter to $395.8 million, driven by a $2.5 million gain in favorable foreign currency translation, a $38.7 million or 11%, organic sales rise and $6.8 million in acquisition-related sales. The organic rise is mainly owing to increased sales across each of the segment’s operations. For the second quarter, we expected sales of $360 million for the segment.

The Tools Group segment’s sales increased 3.6% year over year to $508.8 million. We estimated sales of $505.7 million for the segment. The increase resulted from an organic sales rise of 3%, owing to an improvement in sales both in the United States and the segment’s international operations. Also, a $2.9 million benefit from foreign currency translation aided revenues. Management continues to focus on strengthening the franchise van channel. The company believes investments in product innovation, brand strength and franchisee support can sustain the segment’s long-term growth trajectory.

The Repair Systems & Information Group segment sales were $480.3 million in the quarter compared with $468.6 million in 2025. Organic sales edged up 0.7%, with acquisitions adding $4.7 million and favorable foreign currency translation contributing $3.8 million. We expected sales of $482.7 million for the segment.

The Financial Services business’ revenues dipped 2% year over year to $99.7 million. Our estimate for sales from this segment was $102.3 million.

SNA's Financial SnapshotSnap-on ended the second quarter of 2026 with cash and cash equivalents of $1.64 billion, with shareholders’ equity (before non-controlling interest) of $6.1 billion.

Snap-on generated $271.5 million in operating cash flow during the quarter, up from $237.2 million a year earlier. Capital expenditures totaled $23.1 million, while acquisitions used $154 million.

What’s Ahead for Snap-on?Snap-on expects its markets and operations to remain resilient despite ongoing economic uncertainty. The company plans to advance its growth initiatives by leveraging its established strengths in automotive repair, expanding its professional customer base across adjacent markets and new geographies, and increasing its presence in critical industries. For 2026, Snap-on continues to project capital expenditures of approximately $100 million, including $44.3 million spent during the first six months, and expects a full-year effective income tax rate of about 22%.

This Zacks Rank #3 (Hold) company’s shares have gained 8.4% in the past three months compared with the industry's 5.5% growth.

Image Source: Zacks Investment Research

Key PicksDuluth Holdings Inc. (DLTH - Free Report) sells casual wear, workwear, outdoor apparel, and accessories for men and women in the United States. It offers shirts, pants, shorts, underwear, outerwear, footwear, accessories and hard goods. At present, DLTH sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for current fiscal-year sales implies a decline of 2.8%, and the same for earnings implies growth of 39.5% from the year-ago reported figures. DLTH delivered a trailing four-quarter earnings surprise of 107.5%, on average.

Carter’s, Inc. (CRI - Free Report) designs, sources and markets branded children's wear in the United States and internationally. At present, CRI has a Zacks Rank of 2 (Buy).

The Zacks Consensus Estimate for current fiscal-year sales implies growth of 4.9%, and the same for earnings implies a decline of 10.9% from the year-ago figures. CRI delivered a trailing four-quarter negative earnings surprise of 100.8%, on average.

Vince Holding Corp. (VNCE - Free Report) provides luxury apparel and accessories in the United States and internationally. It operates through Vince Wholesale and Vince Direct-to-Consumer segments. At present, VNCE carries a Zacks Rank of 2.

The Zacks Consensus Estimate for current fiscal-year sales and earnings implies growth of 7.2% and 34.1%, respectively, from the year-ago reported figures. VNCE has delivered a trailing four-quarter earnings surprise of 635.7%, on average.
2026-07-23 18:15 22d ago
2026-07-23 13:16 22d ago
CONMED Expands AirSeal Robotic Solution for da Vinci 5 Hex Cannula
CNMD CONMED
FMP Stock News
Original source text
Key Takeaways CONMED's AirSeal is now FDA-cleared for 8 mm hex cannulas on the da Vinci 5 robotic platform.Joint testing with Intuitive Surgical supported compatibility across da Vinci X, Xi and 5 systems.AirSeal maintains pressure, clears smoke and supports low-pressure insufflation during robotic surgery. CONMED (CNMD - Free Report) recently announced that the FDA has expanded the indication for its AirSeal Robotic Solution to be used with Intuitive Surgical’s (ISRG - Free Report) 8 mm hex cannulas on the da Vinci 5 (dV5) robotic surgery platform. Previously approved for Intuitive Surgical’s 8 mm round cannulas, the solution is now compatible across the full portfolio of the da Vinci X, da Vinci Xi and da Vinci 5 robotic systems.

Management noted that the expanded indication was supported by extensive engineering and technical compatibility testing conducted jointly with Intuitive Surgical. The company remains focused on providing surgeons and hospitals with compatibility data and clear product communication, helping them deliver high-quality patient care.

The expanded indication brings greater clarity on the integration of the AirSeal Robotic Solution with the da Vinci 5 platform, supporting efficient and consistent surgical workflows while contributing to positive patient outcomes. Management also expressed confidence that this achievement strengthens the long-term growth potential of CONMED’s AirSeal portfolio.

Likely Trend of CNMD Stock Following the NewsFollowing the announcement, CNMD shares gained 0.3% at yesterday’s close. Year to date, the stock has risen 3.5% against the industry’s 2.2% decline. However, the S&P 500 has risen 9.3% in the same timeframe.

CONMED is well positioned to benefit from the expanded indication for its AirSeal Robotic Solution. Compatibility with the da Vinci 5 platform broadens the product’s addressable market and reinforces its value within robotic-assisted minimally invasive surgeries. As hospitals continue to adopt ISRG’s latest robotic platform and the company continues to expand in international markets, adoption of CONMED’s AirSeal is likely to be strengthened, which will drive growth for its surgical portfolio.

CNMD currently has a market capitalization of $1.26 billion.

Image Source: Zacks Investment Research

More on the NewsThe AirSeal Robotic Solution is an advanced insufflation system developed specifically for robotic-assisted minimally invasive surgery. It combines an AirSeal Cannula Cap with AirSeal and a bifurcated tube set to deliver stable pneumoperitoneum, continuous smoke evacuation and low-pressure insufflation through robotic ports, eliminating the need for an accessory port. Unlike conventional insufflation systems that replenish carbon dioxide only after pressure drops, AirSeal maintains pressure, improving visualization and minimizing interruptions during surgery.

Its three-lumen design provides CO2 insufflation, smoke evacuation and a regulated gas barrier that maintains consistent cavity pressure even during leaks or suction. By preserving visualization, minimizing pressure fluctuations and restoring pneumoperitoneum when disruptions occur, the system supports physiologic stability, enhances intraoperative efficiency and contributes to smoother patient recovery during minimally invasive robotic procedures.

The expanded indication strengthens AirSeal’s role in robotic surgery by enabling seamless integration with Intuitive Surgical’s latest system architecture while providing hospitals and surgeons with greater flexibility in using complementary technologies. Backed by more than 40 clinical studies, the system is designed to support low-pressure insufflation, helping improve patient outcomes, procedural efficiency and surgical performance.

Industry Prospects Favoring the MarketGoing by the data provided by Mordor Intelligence, the insufflation devices market is predicted to be valued at $3.28 billion in 2026 and is expected to witness a CAGR of 5.9% through 2031.

Factors like the growing adoption of minimally invasive surgeries, advancements in insufflation technology, rising volumes of bariatric and gynecologic procedures, integration with digital operating rooms, expanding ambulatory surgery infrastructure and a shift toward disposable insufflation consumables are boosting the market’s growth.

Other NewsCONMED recently appointed John E. Gallagher as its chief financial officer, effective July 15, 2026. He succeeds Todd Garner, who will remain associated with the company in an advisory role through Nov. 2, 2026. Gallagher brings nearly three decades of financial leadership experience across public healthcare and industrial companies, including Certara, Inc., Cue Health Inc. and Becton, Dickinson & Co.

In May, CONMED announced the appointment of seasoned healthcare executives Celine Martin and Jeff Mirviss to its board of directors, effective July 1, 2026. The move expands the board to nine members and strengthens governance with deep leadership expertise from Johnson & Johnson and Boston Scientific.

CNMD’s Zacks Rank & Key PicksCONMED currently carries a Zacks Rank #5 (Strong Sell).

Some better-ranked stocks from the broader medical space are West Pharmaceutical (WST - Free Report) and Cardinal Health (CAH - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

West Pharmaceutical reported first-quarter 2026 earnings per share (EPS) of $2.13, which beat the Zacks Consensus Estimate by 26.8%. Revenues of $844.9 million surpassed the Zacks Consensus Estimate by 8.5%.

West Pharmaceutical has an estimated long-term earnings growth rate of 14.4%. WST’s earnings surpassed estimates in the trailing four quarters, the average surprise being 19.4%.

Cardinal Health reported a third-quarter fiscal 2026 adjusted EPS of $3.17, which beat the Zacks Consensus Estimate by 13.2%. Revenues of $60.94 billion missed the Zacks Consensus Estimate by 2.3%.

Cardinal Health has an estimated long-term earnings growth rate of 17%. CAH’s earnings surpassed estimates in the trailing four quarters, the average surprise being 10.3%.
2026-07-23 18:14 22d ago
2026-07-23 12:45 22d ago
Arthur Hayes’ BitMEX Is Shutting Down After 11 Years: What Went Wrong?
BMEX BitMEX
CoinGecko News
Original source text
BitMEX announced Wednesday it will shut down its exchange on Sept. 23, 2026, ending an 11-year run as one of crypto’s most influential derivatives platforms after a strategic review of the business.

What Is Happening And WhenHDR Global Trading Limited, the owner and operator of BitMEX, said the board made the decision following a strategic review of the exchange and the broader crypto industry.

New account registrations stopped immediately with Wednesday’s announcement.

The exchange will continue operating normally until Aug. 26, when BitMEX will stop users from opening new positions, allowing only position reductions. 

From Aug. 26 to the Sept. 23 closure, BitMEX will force close existing positions to wind down the market in an orderly way. Any positions still open at closure will be force closed immediately.

What Users Need To DoBitMEX is urging all users to close open positions and withdraw funds as soon as possible. 

Users who fail to withdraw by Sept. 23 will face a monthly account fee of $50 or 1% per annum, whichever is greater, with the fee subject to increases over time if funds remain unclaimed.

BitMEX also warned users to watch for phishing attempts exploiting the closure news, noting that no expedited or priority withdrawal service exists. 

The company confirmed all assets exceed liabilities as stated on its Proof of Reserves and Liabilities page. BitMEX has unstaked all previously staked BMEX tokens, making them immediately available in holders’ accounts.

What BitMEX Built And Why It MatteredBitMEX launched in 2014 with a mission to give retail traders access to professional-grade crypto derivatives. 

The exchange invented the 100x leverage perpetual swap, now the most widely traded product structure in crypto and adopted across thousands of platforms globally.

The company pointed to its security record as a defining achievement, noting that BitMEX never lost user funds to a hack across its entire 11-year operating history, an outcome it said set it apart from many competitors in a space where exchange hacks have cost users billions of dollars.

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2026-07-23 18:14 22d ago
2026-07-23 12:47 22d ago
BitMEX token crashes 90% as exchange announces shutdown
BMEX BitMEX BTC Bitcoin
CoinGecko News
Original source text
BitMEX token crashes 90% as exchange announces shutdown
2026-07-23 18:14 22d ago
2026-07-23 12:47 22d ago
COINTELEGRAPH: BitMEX token crashes 90% as exchange announces shutdown
BMEX BitMEX
CoinGecko News
Original source text
COINTELEGRAPH: BitMEX token crashes 90% as exchange announces shutdown
2026-07-23 18:14 22d ago
2026-07-23 13:06 22d ago
BitMEX’s $BMEX token plunges 98% as exchange announces permanent shutdown
BMEX BitMEX
CoinGecko News
Original source text
BitMEX’s $BMEX token plunges 98% as exchange announces permanent shutdown
2026-07-23 18:14 22d ago
2026-07-23 13:36 22d ago
BitMEX Exchange Announces Permanent Closure After Over a Decade of Crypto Trading
BMEX BitMEX
CoinGecko News
Original source text
Key Highlights Table of Contents

Key HighlightsStructured Wind-Down Process Commences for BitMEX PlatformAsset Withdrawal Deadline Precedes Implementation of Storage ChargesPioneering Platform Concludes Operations Following Regulatory and Business Challenges The BitMEX exchange will cease all operations permanently on September 23, 2026. All traders must liquidate their positions before forced closures start on August 26. New user registrations on BitMEX have been immediately suspended following a strategic assessment. Account holders who fail to withdraw assets after the shutdown will incur monthly storage charges. The closure marks the end of a 12-year journey for the crypto derivatives pioneer. The BitMEX cryptocurrency exchange will permanently cease operations on September 23, 2026, following a comprehensive strategic evaluation conducted by HDR Global Trading Limited, its parent entity. New account creation has been disabled immediately, and the platform is advising all customers to liquidate positions and transfer their digital assets before the final closure date.

Structured Wind-Down Process Commences for BitMEX Platform HDR Global Trading Limited made the determination to shutter the BitMEX platform following an extensive analysis of market dynamics and strategic priorities. Operations will persist through September 23 under a carefully managed phase-out plan. Trading limitations, however, will commence earlier on August 26.

Starting from that cutoff, traders will have restricted functionality allowing only position reductions on the exchange. Opening new trading positions will become impossible once these limitations activate. The platform will systematically wind down all outstanding positions leading up to the final termination.

Any contracts still active on September 23 will undergo automatic liquidation. Additionally, the company reserves the right to settle low-liquidity instruments ahead of schedule when required. Following the complete shutdown, customers will retain access solely to balance information, historical transaction data, and withdrawal capabilities.

Asset Withdrawal Deadline Precedes Implementation of Storage Charges The exchange has strongly recommended that all account holders transfer their holdings before trading activities officially terminate. The platform has confirmed that all staked BMEX tokens have undergone unstaking procedures. Consequently, token holders now have immediate access to these assets for transfer purposes.

Verified users who complete Know Your Customer requirements but neglect to remove their assets by the deadline will encounter custody fees. The platform will impose charges of either $50 or one percent per annum, selecting whichever sum proves greater. These fees will be assessed on a monthly basis until customers withdraw their remaining holdings.

BitMEX has alerted its community about fraudulent schemes exploiting the closure announcement. Additional security protocols will be implemented for withdrawal requests to safeguard customer funds throughout this transition. Processing times may extend beyond normal periods due to blockchain network confirmation requirements.

Pioneering Platform Concludes Operations Following Regulatory and Business Challenges Established in 2014, BitMEX rose to prominence as a dominant force in cryptocurrency derivatives trading. The exchange pioneered the 100x leverage perpetual contract structure that subsequently gained widespread industry adoption. Throughout its operational history, the platform maintained an unblemished security record without experiencing customer fund losses from security breaches.

According to company [[LINK_START_2]]statements[[LINK_END_2]], the platform consistently prioritized transparency, decentralized principles, and stringent customer fund protection measures. Earlier in the current year, industry sources suggested the exchange was pursuing potential acquisition opportunities with assistance from financial advisory firm Broadhaven Capital Partners. Shortly before the closure announcement, the organization implemented changes to its executive leadership structure.

The exchange’s history includes notable legal complications. In 2022, the platform’s co-founders entered guilty pleas related to inadequate anti-money laundering protocols during the 2015-2020 period. Although President Donald Trump subsequently issued pardons, the exchange maintained operations until this week’s announcement of its permanent closure following the completed strategic assessment.

Oliver Dale

Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
2026-07-23 18:14 22d ago
2026-07-23 13:52 22d ago
Arthur Hayes回应BitMEX关停:为共同创造的一切感到无比自豪
BMEX BitMEX
CoinGecko News
Original source text
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2026-07-23 18:14 22d ago
2026-07-23 13:53 22d ago
Arthur Hayes' BitMEX Farewell Remarks: "Fuck traditional finance, fuck banks, Satoshi Nakamoto lives on!"
BMEX BitMEX
CoinGecko News
Original source text
AMD saw a short-term drop of more than 5%, while Helios has entered full-scale production and is nearing shipment.

According to market data from BIT (bit.com), AMD (AMD.O) shares have fallen to an intraday low, currently down 4.72%, after earlier rising 0.66%. AMD CEO Lisa Su just announced the launch of the Helios AI server full rack, noting that Helios has entered full-scale production and will begin shipping soon; the MI450 AI accelerator will become the industry's highest-performance AI accelerator.

1 hours ago

SpaceX has released the live stream page for its 13th Starship flight, with today’s launch probability currently reported at 64%.

According to PolyBeats' monitoring, SpaceX has just released the official live stream page for its 13th Starship flight test, which lists the live stream start time as 6:14 AM (UTC+8) on the 24th. On prediction market Polymarket, the "yes" probability for the question "Will SpaceX launch Starship today (local time 23rd)?" is currently at 64%, while the probability of a launch this month stands at 91%. Starship Flight 13 previously aborted automatically roughly 1 second before clearing the launch pad on the morning of July 17. The U.S. Federal Aviation Administration (FAA), in its latest operational plan released today, continues to list SpaceX’s 13th Starship flight test as a scheduled task for the day. Flight 13 is now targeted for launch as early as 17:45 local time in Texas, or 06:45 Beijing time on July 24, with a 90-minute launch window extending to 08:15 Beijing time. Real-time data from Next Spaceflight shows all 19 launch preparation conditions—including rocket testing, stacking, airspace notices, and maritime warnings—have been completed, with no new technical faults or delay announcements reported to date. --------------------------------- Be among the first to glimpse the future. Follow @PolyBeats_Bot See tomorrow, today. Follow @PolyBeatsEN

1 hours ago

Citrini’s view: Bullish on AMD, bearish on NVIDIA. Coding AI is eroding NVIDIA’s competitive moat from the software side, marking the end of its CUDA moat.

Citrini analyst Jukan, citing recent core views from DeepSeek founder Liang Wenfeng, pointed out that AI-driven code generation and high-level programming languages like TileLang are rapidly lowering entry barriers to the CUDA ecosystem. While DeepSeek uses NVIDIA GPUs to train its V3 model, it has significantly reduced its reliance on NVIDIA’s software ecosystem via its self-developed compiler and TileLang environment. Earlier, Liang projected that porting TileLang and DeepSeek’s compiler to Huawei chips would largely resolve China’s chip ecosystem issues in about a year, with production capacity being the only remaining bottleneck. Liang quantified the China-U.S. chip gap: hardware efficiency is roughly four times lower, and there is a roughly two-year time lag. He also revealed that DeepSeek is working closely with Huawei, expecting to obtain around 16,000 Huawei AI chips, and the Huawei 950 SuperNode can replace the workloads of NVIDIA’s GB200/GB300. Analyst Jukan characterized this as "the end of CUDA’s moat" and holds a highly bearish outlook on NVIDIA. Jukan added that this line of reasoning is precisely one reason for being bullish on AMD: advances in coding AI will also naturally accelerate the development of the ROCm ecosystem, helping narrow its gap with CUDA. When AMD recently invested in Anthropic, it announced it would actively use Claude Code for chip design and software engineering. Overall, advances in AI programming tools are systematically eroding NVIDIA’s competitive barriers from the software side. China’s chip ecosystem issues will be rapidly resolved thanks to code generation capabilities, while AMD will benefit from ROCm’s accelerated growth. The CUDA moat NVIDIA relies on to retain developer loyalty is facing a two-pronged attack, and catching up in hardware efficiency and production capacity is only a matter of time.

1 hours ago

AMD: AI Accelerator Market to Reach $1.4 Trillion by 2030

AMD CEO Lisa Su stated that the AI accelerator market is projected to reach $1.4 trillion by 2030. AI accelerators are specialized hardware designed for AI computing tasks such as matrix operations in deep learning, capable of processing massive parallel workloads with far higher efficiency and energy efficiency than traditional CPUs. Mainstream types include NVIDIA GPUs and custom ASICs from vendors like Broadcom, which serve as the core computing backbone driving large model training and inference.

1 hours ago

Data: Approximately 75% of BMEX tokens have never been claimed or put into circulation, with only 8% allocated at the time of listing.

On-chain visualization analytics platform Bubblemaps noted that after BitMEX announced it would officially cease operations in September, its platform token BMEX plummeted by roughly 95% today. However, per the token economics model released in 2021, 92% of BMEX tokens are locked in vesting contracts, with only 8% allocated at launch — 5% via airdrop and 3% for product and liquidity purposes. On-chain data shows the only token withdrawal occurred on November 2, 2022, when the product and liquidity address received 63.75 million BMEX. Meanwhile, approximately 75% of tokens originally earmarked for employee incentives, ecosystem growth, and long-term reserves have never been withdrawn and have never entered circulation. Bubblemaps added that this is not necessarily a violation, but per the publicly disclosed allocation plan, these large portions of tokens have indeed never been actually distributed. BlockBeats previously reported that notably, the platform’s current handling of BMEX tokens is very limited, with no additional compensation or special arrangements. The only action explicitly mentioned in BitMEX’s official shutdown announcement today is that the platform has immediately unstaked all staked BMEX tokens and returned them directly to holders’ accounts. Per BitMEX’s earlier announcement, BMEX is a pure platform utility token, not equity, debt, or an asset with promised returns. The official disclaimer states that BMEX is only used for features such as trading fee discounts and staking rewards on the BitMEX platform, does not constitute an investment, and the platform assumes no refund or exchange liability.

1 hours ago

UK HMRC discloses crypto tax recovery results: More than £8 million recouped over two years.

The UK’s HM Revenue & Customs (HMRC) has disclosed that since launching its special crypto tax compliance drive in November 2023, it has reached disclosure settlements with 502 crypto investors over the past two years, recovering more than £8 million in taxes, for an average settlement of roughly £16,600 per case. Of these, 280 settlements were recorded in the 2024/25 fiscal year involving £3.54 million, while 222 settlements in the 2025/26 fiscal year brought in around £4.78 million. Meanwhile, the number of "reminder letters" HMRC sent to crypto investors has surged sharply: 64,982 in the 2024/25 fiscal year, a 680% jump from three to four years earlier. As the UK joins the OECD’s Crypto Asset Reporting Framework (CARF), crypto service providers will be required to compulsorily collect and report user identity and transaction data to authorities starting January 2026, further limiting investors’ ability to conceal gains. Currently, around 8% of UK adults (approximately 4.5 million people) hold crypto assets.

1 hours ago
2026-07-23 18:14 22d ago
2026-07-23 14:59 22d ago
Crypto Market Brief July 23: BTC Price Slips, Oil Soars, BitMEX Token Crashes 90%, CLARITY Act Stalls
BMEX BitMEX
CoinGecko News
Original source text
Home / Price Analysis / Crypto Market Brief July 23: BTC Price Slips, Oil Soars, BitMEX Token Crashes 90%, CLARITY Act Stalls

3 hrs ago

Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.

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Highlights

Today's crypto market brief highlights an overall bearish outlook as BTC slips below $65,000. Rising oil prices and regulatory uncertainty are weighing on the market. BitMEX's shutdown dominated discussions in the crypto market today. The crypto market today, July 23, is leaning bearish as geopolitical tensions and lack of regulatory certainty around the CLARITY Act weigh on prices.

Top Movers Brent crude oil price trades at $99, its highest price since May 26, as Yemen’s Houthis attack two oil tankers belonging to Saudi Arabia in the Red Sea. Bitcoin price has dropped below $65,000 because of the escalating geopolitical tensions, while Ethereum has dropped to $1,900. Bitcoin Price Chart CASHCAT is one of the biggest losers today after the price dropped by 23% to $0.043 at the time of writing. The total market cap for Robinhood Chain meme coins is also down by 19% to $139 million. WLFI is among the top gainers in the crypto market after a 6% gain following the adoption of the USD1 stablecoin issued by World Liberty Financial by UFC Freedom Bonuses. Biggest Crypto News of The Day The BitMEX crypto derivatives exchange co-founded by Arthur Hayes is shutting down on September 23 after 11 years in the market. BITMEX token is down 90%, moving from $0.06 when the announcement was made to $0.005. BITMEX Token Crashes BitMEX also urged users to withdraw funds by the September 23 deadline or pay $50 each month as a monthly maintenance fee. Crypto Market Data The total crypto market cap is down by 0.46% to $2.23 trillion. Bitcoin: $64,996 (- 1.36%). Ethereum: $1,908 (-1.78%). XRP: $1.11 (- 2.37%. 24-hour volumes: $58 billion Bitcoin Dominance: 58% 24-Hour Liquidations: $207 million (Long liquidations: $151 million, short liquidations: $55 million). Fear and Greed Index: 31 (fear) What to Watch in the Crypto Market Today The CLARITY Act text released on July 22 will continue to spark debate from both Senate Republicans and Democrats due to the ethics provision Republicans want the DoJ to enforce the ethics rules within this bill, but the Democrats want the state Attorneys general to enforce the rules The views aired today could also affect the odds of the CLARITY Act bill passing in 2026 and move the crypto market. Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Frequently Asked Questions (FAQs)

1. Why is the crypto market down today?

The crypto market today is dropping as geopolitical tensions and new hurdles in the CLARITY Act weigh on price.

2. Which are the top movers in the crypto today?

The top movers in the crypto market today are CASHCAT, and BitMEX token that are down by 20% and 90%, respectively.

3. What is the biggest news in the crypto market today?

The biggest news in the crypto market today is the shutting down on the BitMEX exchange.

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About Author

About Author

Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.
2026-07-23 18:14 22d ago
2026-07-23 15:08 22d ago
Legendary Crypto Exchange BitMEX Shuts Down, CZ Shares Reaction
BMEX BitMEX
CoinGecko News
Original source text
Thu, 23/07/2026 - 15:08

BitMEX, the legendary crypto derivatives exchange that pioneered 100x leveraged perpetual swaps and reshaped the digital asset trading industry, is shutting down after more than 11 years of operations.

Cover image via U.Today

Legendary cryptocurrency exchange BitMEX has announced that it is shutting down. 

HDR Global Trading Limited, the owner of the exchange, has "made the difficult decision" to close operations following a strategic review of the business.

The exchange has stated that it is "proud" of its legacy, which has surpassed 11 years. 

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The cryptocurrency trading platform, which used to attract plenty of risk-seeking investors, is primarily known for inventing 100x leveraged perpetual swaps that ended up revolutionizing the industry. Today, nearly every major derivatives exchange, including Binance, Bybit, OKX, and Deribit, uses such contracts. 

Its users generated exceptionally high trading volumes, and the exchange accounted for roughly 50% of the global futures open interest of its influence around 2019. The BitMEX liquidation cascade during the March 12–13, 2020 "Black Thursday" crypto crash was a pivotal event in crypto market history. 

BitMEX's dominance began to rapidly erode in 2020 after U.S. regulators charged its founders, including CEO Arthur Hayes, with violating anti-money laundering rules. Competitors such as Binance Futures, Bybit, and FTX rapidly gained market share, chipping away at the exchange's massive dominance. 

The exchange gained compliance cred while losing its influence. After his legal troubles, Hayes reinvented himself as a crypto macro commentator and investor and obtained a full pardon. 

Funds are safe BitMEX has reassured investors that their funds are safe in its announcement. "We want to reassure you that your assets remain fully safe and under your control during this transition period. This announcement is just to give enough time to ensure a smooth withdrawal process for everyone," the exchange said. 

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Users have been encouraged to close their positions and withdraw their funds as soon as convenient. 

CZ reactsBinance founder Changpeng Zhao has reacted to the wind-down by showing respect for Hayes. 

Sad to see BitMex go. Some thoughts:

BitMex pioneered 100x perps in crypto back in 2014. Delivery futures existed before then, making Fridays hectic.

BTC deposits only, one chain only, withdrawals only once per day, through a multi-sig wallet. The constraints that seemed… https://t.co/8kP8byy37y

— CZ 🔶 BNB (@cz_binance) July 23, 2026 He claims that BitMEX did not survive the "war on crypto" from the previous admin.

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2026-07-23 18:14 22d ago
2026-07-23 15:43 22d ago
BitMEX to shut down after 11 years, marking the end of crypto’s wild leverage era
BMEX BitMEX
CoinGecko News
Original source text
BitMEX to shut down after 11 years, marking the end of crypto’s wild leverage era
2026-07-23 18:14 22d ago
2026-07-23 15:58 22d ago
BitMEX to Shut Down Exchange on Sept. 23, Urges Withdrawals
BMEX BitMEX
CoinGecko News
Original source text
Owner HDR Global Trading blamed a strategic review; users have until an Aug. 26 risk-limit cutover before positions get force-closed.

BitMEX will permanently shut down its exchange on Sept. 23, the crypto derivatives venue said on Thursday, telling users to close positions and withdraw funds before the deadline. Owner and operator HDR Global Trading Limited made the decision "following a strategic review of the business," according to the notice posted to BitMEX's official X account and its blog.

"We strongly encourage all users to close their positions and withdraw their funds as soon as convenient," BitMEX said, adding that user assets "remain fully safe and under your control during this transition period."

The exchange said it invented the 100x leverage perpetual swap, "now the most traded financial product in the crypto industry," and cited an 11-plus-year operating history. Arthur Hayes co-founded BitMEX in 2014. Hayes posted that he was "so proud of what we created and that we will shutdown responsibly on our own terms."

The BMEX token plunged on the news, down roughly 91% over 24 hours, with a circulating market cap near $540,000, per CoinGecko.

BMEX 24 hr price. Source: CoinGeckoWind-down timelineBitMEX will apply risk limits from Aug. 26 that block new positions and permit only reduce-only trades, and will force-close any positions still open ahead of the shutdown. Anything open at closure gets force-closed immediately. New account registrations stopped the same day as the announcement.

KYC'd users who fail to withdraw by the closure time will be charged a monthly account fee of $50 equivalent or 1% per annum, whichever is greater, on remaining balances. Withdrawals and login access will remain available after closure.

The exchange had been seeking a buyer since February 2025, when it retained Broadhaven Capital Partners to run a sale process; BitMEX did not disclose whether that process produced a bidder. BitMEX pleaded guilty in 2024 to violating the Bank Secrecy Act over an inadequate anti-money laundering program and was hit with an additional $100 million fine in January 2025. President Donald Trump pardoned the co-founders in March 2025.
2026-07-23 18:14 22d ago
2026-07-23 16:17 22d ago
BitMEX Announcement of Shutdown Triggers 95% Crash in BMEX, Bubblemaps Says 75% of Token Allocation Never Circulated On-Chain
BMEX BitMEX
CoinGecko News
Original source text
PANews, July 24 – Blockchain data analysis platform Bubblemaps stated that after BitMEX announced its closure, its platform token BMEX fell sharply, currently down about 95% from its previous level. According to BitMEX’s publicly disclosed tokenomics, approximately 75% of the total BMEX supply was originally planned for employee incentives, ecosystem development, and long-term reserves, but these tokens have never been distributed on-chain.

Data shows that in 2021, about 92% of the BMEX supply was locked in vesting contracts, with the remaining 8% distributed at token launch, including: 5% for airdrops; 3% for product and liquidity support.

Each allocation category previously corresponded to a separate address for receiving future unlocked tokens. However, to date, only one claim has been recorded: on November 2, 2022, the product and liquidity address claimed approximately 63.75 million BMEX, while the addresses for employee incentives, ecosystem growth, and long-term reserves have seen no token claims.

Bubblemaps noted that this does not necessarily indicate a problem, as the project may have subsequently adjusted its tokenomics, contracts, or distribution plan without reflecting these changes on-chain. But according to the previously public BMEX tokenomics design, the tokens in these allocation buckets have not yet actually entered on-chain circulation.

BitMEX, co-founded by Arthur Hayes and others, pioneered the perpetual contract trading model, having a significant impact on the development of the crypto derivatives market. Following the announcement of the closure, market confidence in BMEX was noticeably shaken.
2026-07-23 18:14 22d ago
2026-07-23 16:32 22d ago
Data: Approximately 75% of BMEX tokens have never been claimed or put into circulation, with only 8% allocated at the time of listing.
BMEX BitMEX
CoinGecko News
Original source text
AMD saw a short-term drop of more than 5%, while Helios has entered full-scale production and is nearing shipment.

According to market data from BIT (bit.com), AMD (AMD.O) shares have fallen to an intraday low, currently down 4.72%, after earlier rising 0.66%. AMD CEO Lisa Su just announced the launch of the Helios AI server full rack, noting that Helios has entered full-scale production and will begin shipping soon; the MI450 AI accelerator will become the industry's highest-performance AI accelerator.

1 hours ago

SpaceX has released the live stream page for its 13th Starship flight, with today’s launch probability currently reported at 64%.

According to PolyBeats' monitoring, SpaceX has just released the official live stream page for its 13th Starship flight test, which lists the live stream start time as 6:14 AM (UTC+8) on the 24th. On prediction market Polymarket, the "yes" probability for the question "Will SpaceX launch Starship today (local time 23rd)?" is currently at 64%, while the probability of a launch this month stands at 91%. Starship Flight 13 previously aborted automatically roughly 1 second before clearing the launch pad on the morning of July 17. The U.S. Federal Aviation Administration (FAA), in its latest operational plan released today, continues to list SpaceX’s 13th Starship flight test as a scheduled task for the day. Flight 13 is now targeted for launch as early as 17:45 local time in Texas, or 06:45 Beijing time on July 24, with a 90-minute launch window extending to 08:15 Beijing time. Real-time data from Next Spaceflight shows all 19 launch preparation conditions—including rocket testing, stacking, airspace notices, and maritime warnings—have been completed, with no new technical faults or delay announcements reported to date. --------------------------------- Be among the first to glimpse the future. Follow @PolyBeats_Bot See tomorrow, today. Follow @PolyBeatsEN

1 hours ago

Citrini’s view: Bullish on AMD, bearish on NVIDIA. Coding AI is eroding NVIDIA’s competitive moat from the software side, marking the end of its CUDA moat.

Citrini analyst Jukan, citing recent core views from DeepSeek founder Liang Wenfeng, pointed out that AI-driven code generation and high-level programming languages like TileLang are rapidly lowering entry barriers to the CUDA ecosystem. While DeepSeek uses NVIDIA GPUs to train its V3 model, it has significantly reduced its reliance on NVIDIA’s software ecosystem via its self-developed compiler and TileLang environment. Earlier, Liang projected that porting TileLang and DeepSeek’s compiler to Huawei chips would largely resolve China’s chip ecosystem issues in about a year, with production capacity being the only remaining bottleneck. Liang quantified the China-U.S. chip gap: hardware efficiency is roughly four times lower, and there is a roughly two-year time lag. He also revealed that DeepSeek is working closely with Huawei, expecting to obtain around 16,000 Huawei AI chips, and the Huawei 950 SuperNode can replace the workloads of NVIDIA’s GB200/GB300. Analyst Jukan characterized this as "the end of CUDA’s moat" and holds a highly bearish outlook on NVIDIA. Jukan added that this line of reasoning is precisely one reason for being bullish on AMD: advances in coding AI will also naturally accelerate the development of the ROCm ecosystem, helping narrow its gap with CUDA. When AMD recently invested in Anthropic, it announced it would actively use Claude Code for chip design and software engineering. Overall, advances in AI programming tools are systematically eroding NVIDIA’s competitive barriers from the software side. China’s chip ecosystem issues will be rapidly resolved thanks to code generation capabilities, while AMD will benefit from ROCm’s accelerated growth. The CUDA moat NVIDIA relies on to retain developer loyalty is facing a two-pronged attack, and catching up in hardware efficiency and production capacity is only a matter of time.

1 hours ago

AMD: AI Accelerator Market to Reach $1.4 Trillion by 2030

AMD CEO Lisa Su stated that the AI accelerator market is projected to reach $1.4 trillion by 2030. AI accelerators are specialized hardware designed for AI computing tasks such as matrix operations in deep learning, capable of processing massive parallel workloads with far higher efficiency and energy efficiency than traditional CPUs. Mainstream types include NVIDIA GPUs and custom ASICs from vendors like Broadcom, which serve as the core computing backbone driving large model training and inference.

1 hours ago

UK HMRC discloses crypto tax recovery results: More than £8 million recouped over two years.

The UK’s HM Revenue & Customs (HMRC) has disclosed that since launching its special crypto tax compliance drive in November 2023, it has reached disclosure settlements with 502 crypto investors over the past two years, recovering more than £8 million in taxes, for an average settlement of roughly £16,600 per case. Of these, 280 settlements were recorded in the 2024/25 fiscal year involving £3.54 million, while 222 settlements in the 2025/26 fiscal year brought in around £4.78 million. Meanwhile, the number of "reminder letters" HMRC sent to crypto investors has surged sharply: 64,982 in the 2024/25 fiscal year, a 680% jump from three to four years earlier. As the UK joins the OECD’s Crypto Asset Reporting Framework (CARF), crypto service providers will be required to compulsorily collect and report user identity and transaction data to authorities starting January 2026, further limiting investors’ ability to conceal gains. Currently, around 8% of UK adults (approximately 4.5 million people) hold crypto assets.

1 hours ago

U.S. Trade Representative Greer is set to release a tariff announcement today.

U.S. Trade Representative Greer is set to release a tariff announcement today. Notably, the new tariff announcement is an extension of previous tariffs. Earlier, Trump said he would implement new tariffs on dozens of countries as soon as this week, and the current 10% global tariff is set to expire this week. The U.S. government is considering maintaining the 10% tariff rate for many countries, while exploring legal avenues to impose higher tariffs on others.

1 hours ago
2026-07-23 18:14 22d ago
2026-07-23 16:48 22d ago
BMEX Falls 92% as BitMEX Open Interest Slides 96%
BMEX BitMEX BTC Bitcoin
CoinGecko News
Original source text
Altcoins

23 July 2026 | 19:48 BitMEX is seeing traders rapidly reduce their exposure after the exchange announced that it will shut down, with its native token and Bitcoin derivatives market both recording steep declines.

Key Takeaways The token reached its lowest level since November 2022. Bitcoin open interest on BitMEX has dropped to $113 million. Open interest has contracted by roughly 96% from its 2024 peak. At the time of writing, BMEX had fallen approximately 92% over the previous 24 hours, according to the BMEX/USDT chart on TradingView. The decline pushed the token to its lowest level since November 2022, when BMEX began trading.

BMEX/USDT daily technical chart showing recent sharp downward price action. The token’s collapse was accompanied by another sign of users leaving the platform. Bitcoin open interest on BitMEX fell to approximately $113 million, according to data shared by Alphractal.

Detailed recent view of Bitcoin open interest and price action on BitMEX. Open Interest Has Fallen From $3 Billion to $113 Million Alphractal’s longer-term chart shows that Bitcoin open interest on BitMEX stood near $3 billion at its 2024 peak. Two years later, only around $113 million remains, representing a decline of roughly 96%.

Macro chart tracking Bitcoin open interest against price on BitMEX through July 2026. The latest reading is also the lowest level visible on the multiyear chart. The sharpest recent move occurred immediately after the exchange confirmed its planned closure, although BitMEX’s derivatives market had already been shrinking before the announcement.

Open interest measures the total value of active derivative contracts that have not been closed or settled. Falling open interest can result from traders voluntarily closing positions, being liquidated or transferring their activity to another venue.

It should not be interpreted as $2.9 billion in customer losses. Instead, the decline shows how much less active Bitcoin derivatives exposure is now held on BitMEX compared with the exchange’s 2024 peak.

The Closure Accelerated the Exit BitMEX announced on July 23 that it will cease exchange operations on September 23 at 04:00 UTC. The platform will become reduce-only on August 26, after which users will no longer be able to open new positions and BitMEX may begin closing those that remain.

Our guide to the BitMEX shutdown deadlines explains when normal trading ends, what happens to open positions and why users should withdraw remaining balances before the final closure.

The timetable gives derivatives traders little reason to establish new exposure on the exchange. Positions intended to remain open beyond August face the risk of being closed during the wind-down, while comparable contracts remain available on other platforms.

BMEX Is Losing the Platform That Gave It Utility BMEX was designed around the BitMEX ecosystem, with its value tied to exchange-specific benefits such as fee discounts, rewards and other user incentives.

Once the exchange closes, much of that practical role disappears with it. The token is no longer being valued against the growth of an operating trading platform, but against an ecosystem entering its final wind-down. That helps explain why BMEX fell 92% in a single day and reached its lowest level since trading began in November 2022.

The shutdown accelerated the exit, but the longer-term chart shows that BitMEX’s role in Bitcoin derivatives had already weakened substantially before the closure was announced.

This article is provided for informational purposes only and does not constitute financial or investment advice.

Author

Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
2026-07-23 18:14 22d ago
2026-07-23 16:48 22d ago
BMEX Token Falls 92% as BitMEX Open Interest Slides 96%
BMEX BitMEX BTC Bitcoin
CoinGecko News
Original source text
Altcoins

23 July 2026 | 19:48 BitMEX is seeing traders rapidly reduce their exposure after the exchange announced that it will shut down, with its native token and Bitcoin derivatives market both recording steep declines.

Key Takeaways The token reached its lowest level since November 2022. Bitcoin open interest on BitMEX has dropped to $113 million. Open interest has contracted by roughly 96% from its 2024 peak. At the time of writing, BMEX had fallen approximately 92% over the previous 24 hours, according to the BMEX/USDT chart on TradingView. The decline pushed the token to its lowest level since November 2022, when BMEX began trading.

BMEX/USDT daily technical chart showing recent sharp downward price action. The token’s collapse was accompanied by another sign of users leaving the platform. Bitcoin open interest on BitMEX fell to approximately $113 million, according to data shared by Alphractal.

Detailed recent view of Bitcoin open interest and price action on BitMEX. Open Interest Has Fallen From $3 Billion to $113 Million Alphractal’s longer-term chart shows that Bitcoin open interest on BitMEX stood near $3 billion at its 2024 peak. Two years later, only around $113 million remains, representing a decline of roughly 96%.

Macro chart tracking Bitcoin open interest against price on BitMEX through July 2026. The latest reading is also the lowest level visible on the multiyear chart. The sharpest recent move occurred immediately after the exchange confirmed its planned closure, although BitMEX’s derivatives market had already been shrinking before the announcement.

Open interest measures the total value of active derivative contracts that have not been closed or settled. Falling open interest can result from traders voluntarily closing positions, being liquidated or transferring their activity to another venue.

It should not be interpreted as $2.9 billion in customer losses. Instead, the decline shows how much less active Bitcoin derivatives exposure is now held on BitMEX compared with the exchange’s 2024 peak.

The Closure Accelerated the Exit BitMEX announced on July 23 that it will cease exchange operations on September 23 at 04:00 UTC. The platform will become reduce-only on August 26, after which users will no longer be able to open new positions and BitMEX may begin closing those that remain.

Our guide to the BitMEX shutdown deadlines explains when normal trading ends, what happens to open positions and why users should withdraw remaining balances before the final closure.

The timetable gives derivatives traders little reason to establish new exposure on the exchange. Positions intended to remain open beyond August face the risk of being closed during the wind-down, while comparable contracts remain available on other platforms.

BMEX Is Losing the Platform That Gave It Utility BMEX was designed around the BitMEX ecosystem, with its value tied to exchange-specific benefits such as fee discounts, rewards and other user incentives.

Once the exchange closes, much of that practical role disappears with it. The token is no longer being valued against the growth of an operating trading platform, but against an ecosystem entering its final wind-down. That helps explain why BMEX fell 92% in a single day and reached its lowest level since trading began in November 2022.

The shutdown accelerated the exit, but the longer-term chart shows that BitMEX’s role in Bitcoin derivatives had already weakened substantially before the closure was announced.

This article is provided for informational purposes only and does not constitute financial or investment advice.

Author

Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
2026-07-23 18:14 22d ago
2026-07-23 17:20 22d ago
Crypto Exchange BitMEX to Shut Down Operations After 11 Years
BMEX BitMEX BTC Bitcoin
CoinGecko News
Original source text
One of crypto’s pioneering derivatives platforms is closing its doors after more than a decade.

BitMEX, the exchange that invented perpetual futures contracts, has notified users it will end all operations by September 23rd after an 11-year run in the industry.

“With immediate effect, we have stopped all new account registrations. Following a strategic review of the business and the broader crypto industry, the board of HDR Global Trading Limited, owner and operator of BitMEX, has decided to close the exchange. This comes with a heavy heart for all of us at the company and has not been taken lightly…

The BitMEX platform has always remained grounded to the true ethos of Bitcoin – neutrality, transparency, and decentralisation, which is evident through our peer-to-peer operations and a top priority focus on user fund safety. While this news is a difficult one to share, we are proud of everything that has been built at the company since its launch as a pioneer of crypto derivatives.”

The shutdown signals further consolidation among crypto derivatives providers, and users are advised to take necessary steps ahead of the final closure date.

No exact reasons beyond the announcement are provided in the initial notice.

Generated Image: Midjourney
2026-07-23 18:13 22d ago
2026-07-23 11:44 23d ago
Central Garden & Pet Company: This Is Far From A Strong Growth Play
CENT Central Garden & Pet Company
FMP Stock News
Original source text
Central Garden & Pet Company is rated 'Hold' due to stagnant growth and margin concerns, despite trading below sector multiples. CENT's pet segment growth has plateaued, while garden segment margin compression offsets revenue gains, raising questions about sustainable profitability. Management maintains full-year guidance despite industry spending increases, reflecting caution amid a shrinking addressable customer base and shifting consumer habits.
2026-07-23 18:13 22d ago
2026-07-23 12:01 23d ago
United Rentals, Inc. (URI) Q2 2026 Earnings Call Transcript
URI United Rentals
FMP Stock News
Original source text
United Rentals, Inc. (URI) Q2 2026 Earnings Call July 23, 2026 8:30 AM EDT

Company Participants

Matthew Flannery - President, CEO & Director
William Grace - Executive VP & CFO

Conference Call Participants

David Raso - Evercore ISI Institutional Equities, Research Division
Robert Wertheimer - Melius Research LLC
Michael Feniger - BofA Securities, Research Division
Steven Fisher - UBS Investment Bank, Research Division
Jerry Revich - Wells Fargo Securities, LLC, Research Division
Kyle Menges - Citigroup Inc., Research Division
Kenneth Newman - KeyBanc Capital Markets Inc., Research Division
Seth Weber - BNP Paribas, Research Division
Mircea Dobre - Robert W. Baird & Co. Incorporated, Research Division
Jamie Cook - Truist Securities, Inc., Research Division
Angel Castillo Malpica - Morgan Stanley, Research Division
Sabahat Khan - RBC Capital Markets, Research Division
Tami Zakaria - JPMorgan Chase & Co, Research Division
Charles Albert Dillard - Bernstein Institutional Services LLC, Research Division

Presentation

Operator

Good morning, everyone, and welcome to the United Rentals Investor Conference Call. Please be advised that this call is being recorded.

Before we begin, please note that the company's press release, comments made on today's call and responses to your questions contain forward-looking statements. The company's business and operations are subject to a variety of risks and uncertainties, many of which are beyond its control. And consequently, actual results may differ materially from those projected. A summary of these uncertainties is included in the safe harbor statement contained in the company's press release.

For a more complete description of these and other possible risks, please refer to the company's annual report on Form 10-K for the year ended December 31, 2025, as well as the subsequent filings with the SEC. You can access these filings on the company's website at www.unitedrentals.com. Please note that United Rentals has no obligation and makes no commitment to update or publicly release any revisions to forward-looking statements in order to
2026-07-23 18:13 22d ago
2026-07-23 12:47 22d ago
United Rentals Q2 Earnings Beat on Rental Growth, '26 Guidance Raised
URI United Rentals
FMP Stock News
Original source text
Key Takeaways United Rentals' Q2 revenues rose 11.8%, while adjusted earnings increased 21.9% year over year.Record rental revenues climbed 12.7%, supported by 3.4% fleet productivity growth and specialty demand.United Rentals raised its 2026 revenue outlook to $17.5-$17.8 billion on strong project activity. United Rentals, Inc. (URI - Free Report) reported solid second-quarter 2026 results, with adjusted earnings per share and total revenues beating the Zacks Consensus Estimate and increasing year over year.

Record rental revenues, higher fleet productivity and robust specialty demand supported the results. Fleet productivity improved 3.4% year over year.

URI stock gained 8.3% during yesterday’s after-hours, following the earnings release.

URI's Q2 Earnings & RevenuesURI posted adjusted earnings of $12.76 per share, up 21.9% from $10.47 a year ago and surpassing the Zacks Consensus Estimate of $11.67 by 9.3%.

Total revenues advanced 11.8% to $4.41 billion and topped the consensus mark of $4.24 billion by 4.1%.

URI’s Rental Revenues Reach a Quarterly RecordRental revenues increased 12.7% year over year to a quarterly record of $3.85 billion. Average original equipment at cost, or OEC, rose 7.1%.

Owned equipment rental revenues increased 9% to $2.99 billion from $2.75 billion. Re-rent revenues rose 46.7% to $88 million, while ancillary and other rental revenues advanced 26.2% to $770 million.

Sales of rental equipment increased 4.1% to $330 million. Sales of new equipment rose 14.7% to $86 million, contractor supplies sales increased 7.3% to $44 million and service and other revenues grew 6.3% to $101 million.

United Rentals Sees Specialty Growth AccelerateGeneral Rentals segment equipment rental revenues increased 6.6% year over year to $2.42 billion. Equipment rental gross profit rose 8.7% to $865 million, while gross margin expanded 70 basis points to 35.8%.

Specialty segment equipment rental revenues rose 24.8% to $1.43 billion. Gross profit increased 21.1% to $636 million, but gross margin contracted 140 basis points to 44.4%. The decline reflected a revenue mix shift toward lower-margin ancillary and re-rent revenues, partly offset by lower labor and benefit expenses as a percentage of revenues.

United Rentals' Profitability ImprovesGross profit increased to $1.73 billion from $1.53 billion. The gross margin improved to 39.3% from 38.9%, as revenue growth outpaced the increase in cost of revenues.

Adjusted EBITDA rose 13.6% to a quarterly record of $2.06 billion. The adjusted EBITDA margin expanded 70 basis points to 46.6%, including a $49 million gain from the sale of part of the scaffolding business. Excluding that gain, the margin declined 40 basis points due mainly to the Specialty Rentals mix pressure.

Net income increased 21.1% to a second-quarter record of $753 million. Net income margin expanded 130 basis points to 17.1%, including a $37 million after-tax benefit from the scaffolding transaction.

United Rentals Maintains Financial FlexibilityFor the first six months of 2026, net cash provided by operating activities increased 20.1% to $3.31 billion. Free cash flow declined 4.1% to $1.15 billion, including restructuring-related payments and gross rental equipment purchases of $2.72 billion.

URI ended June with liquidity of $3 billion, including $112 million in cash and equivalents. Its net leverage ratio improved to 1.8x from 1.9x at the end of 2025.

The company returned $998 million to its shareholders during the first half of 2026, comprising $750 million in share repurchases and $248 million in dividends. United Rentals expects to repurchase $1.5 billion of shares in 2026 and declared a quarterly dividend of $1.97 per share.

URI Raises Key 2026 Guidance RangesManagement raised its 2026 revenue outlook to $17.5-$17.8 billion from $16.9-$17.4 billion. The adjusted EBITDA forecast increased to $7.98-$8.13 billion from $7.63-$7.88 billion.

United Rentals now expects net cash provided by operating activities of $5.85-$6.65 billion, compared with the prior projection of $5.4-$6.2 billion. The free cash flow outlook, excluding restructuring-related payments, was maintained at $2.15-$2.45 billion.

Net rental capital expenditures are projected at $3.4-$3.8 billion after gross purchases of $4.85-$5.25 billion. Management cited large-project activity, customer backlogs and year-to-date momentum as factors supporting the higher outlook.

URI’s Zacks Rank & Recent Construction ReleasesCurrently, United Rentals carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

PulteGroup, Inc. (PHM - Free Report) reported better-than-expected second-quarter 2026 results, with adjusted earnings and total revenues topping the Zacks Consensus Estimate, but declining year over year. The quarterly results reflect reduced home-closing volumes, softer average selling prices (ASP) and margin compression.

PulteGroup ended the quarter with a backlog of 10,966 homes, up 1.7% from the prior-year level. Backlog units increased in the Northeast, Florida, Midwest and Texas, while the Southeast and West reported declines. The value of homes in backlog slipped 0.6% to $6.80 billion. The divergence between higher units and lower value indicates that the average value of homes in backlog declined year over year, consistent with PHM’s broader pricing pressure.

D.R. Horton, Inc. (DHI - Free Report) reported third-quarter fiscal 2026 earnings of $3.20 per share, beating the Zacks Consensus Estimate of $2.99 by 7%. Revenues of $9.23 billion also surpassed the consensus mark of $9.19 billion by 0.5%. On a year-over-year basis, earnings declined 4.8%, while revenues increased marginally.

DHI’s earnings and revenue beat was driven by higher home-closing volumes, resilient home sales margins, disciplined management of pricing and incentives, and contributions from the Rental, Forestar and Financial Services businesses. However, lower profitability, elevated incentives and cautious consumer demand continued to weigh on results. D.R. Horton now expects fiscal 2026 consolidated revenues of $32.5-$33 billion, down from $33.5-$34.5 billion expected earlier.

Lennar Corporation (LEN - Free Report) reported mixed second-quarter fiscal 2026 results, with adjusted earnings topping the Zacks Consensus Estimate while revenues missed the same. Year over year, both metrics declined, given ongoing softness in housing demand and a lower ASP for homes delivered.

LEN’s Homebuilding revenues declined 2% year over year to $7.62 billion from $7.84 billion, with home deliveries increasing 2% to 20,519 homes from 20,131 homes a year ago. Backlog at quarter-end increased to 16,818 homes from 15,538 homes. For the third quarter of fiscal 2026, Lennar expects home deliveries in the range of 20,500-21,500 and new orders between 21,000 and 22,000 homes. Gross margin on home sales is expected to be approximately 16%.
2026-07-23 18:12 22d ago
2026-07-23 12:00 23d ago
Bronstein, Gewirtz & Grossman LLC Urges Insulet Corporation Investors to Act: Class Action Filed Alleging Investor Harm
PODD Insulet Corporation
FMP Stock News
Original source text
NEW YORK, July 23, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Insulet Corporation (NASDAQ: PODD) and certain of its officers.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Insulet securities between May 21, 2025 and May 26, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/PODD.

Insulet Case Details

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and compliance policies. Specifically, the Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that:

Insulet’s manufacturing controls and procedures were defective;the foregoing created a foreseeable heightened risk that one or more Insulet products would be found to be in violation of applicable safety regulations and/or pose a risk of injury; andas a result, Defendants’ public statements were materially false and misleading at all relevant times. What's Next for Insulet Investors?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/PODD. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Insulet you have until August 31, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

No Cost to Insulet Investors

We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for Insulet Securities Class Action?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

Follow us for updates on LinkedIn, X, Facebook, or Instagram.

Contact Info

Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]

Attorney advertising.
Prior results do not guarantee similar outcomes.
2026-07-23 18:11 22d ago
2026-07-23 12:47 22d ago
Unum (UNM) Could Be a Great Choice
UNM Unum Group
FMP Stock News
Original source text
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.

Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.

Headquartered in Chattanooga, Unum (UNM - Free Report) is a Finance stock that has seen a price change of 13.28% so far this year. The insurance company is paying out a dividend of $0.46 per share at the moment, with a dividend yield of 2.1% compared to the Insurance - Accident and Health industry's yield of 1.34% and the S&P 500's yield of 1.34%.

Looking at dividend growth, the company's current annualized dividend of $1.84 is up 4.5% from last year. Over the last 5 years, Unum has increased its dividend 4 times on a year-over-year basis for an average annual increase of 9.80%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Unum's current payout ratio is 22%, meaning it paid out 22% of its trailing 12-month EPS as dividend.

UNM is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2026 is $8.75 per share, with earnings expected to increase 7.63% from the year ago period.

Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. It's important to keep in mind that not all companies provide a quarterly payout.

Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. With that in mind, UNM is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
2026-07-23 18:08 22d ago
2026-07-23 14:07 22d ago
Ameriprise Financial Q2 Earnings Call Highlights
AMP Ameriprise Financial
FMP Stock News
Original source text
5 Tech Stocks to Buy on the July PullbackAmeriprise Financial NYSE: AMP reported higher second-quarter 2026 revenue and earnings, as executives pointed to asset growth, strong client and advisor engagement, and continued capital returns while acknowledging pressure from advisor transitions and an aggressive recruiting environment.

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Chairman and CEO Jim Cracchiolo said the company “delivered another great quarter” in a market environment shaped by rates, inflation and geopolitical volatility. Ameriprise reported revenue growth of 13% to nearly $5 billion and adjusted operating earnings of $1 billion, up 14% from a year earlier. Adjusted operating earnings per share rose 22% to $11.07.

Time to Sell? 3 Winners With Fading Technical MomentumThe company’s return on equity increased to 55%, compared with 51.5% a year earlier. Total assets under management, administration and advisement grew 14% to $1.8 trillion, while total client assets increased 15% to $1.2 trillion.

Wealth Management Assets and Productivity Rise Ameriprise’s Advice & Wealth Management business posted adjusted operating net revenue of $3.2 billion, up 16% from the prior year, according to Chief Financial Officer Walter Berman. Pre-tax adjusted operating earnings in the segment also rose 16% to $939 million, while margins remained strong at about 29%.

5 Under-the-Radar AI Stocks to Watch in JuneWrap assets reached a record $732 billion, up 19%, driven by market appreciation, client engagement and growth in the company’s advice platform. Berman said wrap flows were $6.9 billion in the quarter, while total client flows were $3.1 billion. He said flows were affected by an acceleration of Comerica-related terminations and elevated seasonal tax payments.

Advisor productivity reached a new high of $1.2 million, up 12% year over year. Cracchiolo attributed the increase to client engagement, technology investments and advisor support. He said Ameriprise’s client satisfaction score remained 4.9 out of 5.

The company added 79 experienced advisors during the quarter. Cracchiolo said Ameriprise remains selective in recruiting, noting that some competitors’ recruiting packages imply cash payback periods “as high as eight years,” which he described as “crazy.” He said Ameriprise is attracting advisors who cite its technology, service and responsiveness as differentiators.

Comerica Outflows to End in Third Quarter; Huntington Onboarding Ahead During the question-and-answer session, Berman said approximately $19 billion related to Comerica is expected to exit by the end of the third quarter. He declined to provide more detail on how much had already left, citing client confidentiality, but said the pace of departures accelerated significantly in the second quarter compared with the first.

Executives said the Comerica impact would be offset by Huntington Bank, which is expected to join the Ameriprise Financial Institutions Group platform in the fourth quarter. Berman said Huntington is anticipated to bring about 260 advisors and $28 billion of client assets onto the platform, with assets moving in the fourth quarter and early 2027. He said Ameriprise expects to benefit from the economics of the full book beginning in the fourth quarter.

AI and Banking Remain Investment Priorities Cracchiolo said Ameriprise is expanding its use of artificial intelligence to help advisors grow, reduce administrative work and deliver more personalized advice. He said tools such as e-meeting automation, meeting summarization and Copilot Premium can collectively save practices more than 30 hours per week when used together.

In response to an analyst question, Cracchiolo said about 6,000 advisors are already using one of the firm’s technology capabilities tied to client engagement and meetings. He said adoption should continue to support productivity as more advisors incorporate the tools into their practices.

The company also highlighted growth in its bank. Cracchiolo said bank assets exceeded $25 billion, up 6%, while lending grew 61% year over year, driven by pledge lending and mortgages. Ameriprise has also introduced HELOCs and checking accounts. Berman said bank assets totaled $25.5 billion, with total client cash of $84 billion down 2% year over year.

Asset Management Outflows Improve In asset management, Ameriprise reported total assets under management and advisement of $759 billion, up 10% year over year. Pre-tax adjusted operating earnings increased 23% to $274 million, while revenues rose 14% to $947 million. The segment’s margin reached 43%, above both the prior-year level of 39% and the company’s target range of 35% to 39%.

Cracchiolo said investment performance remained a strength, with 69% of funds above the median for one year, 75% above the median for three- and five-year periods, and 87% above the median over 10 years. He also said 97 Columbia Threadneedle funds globally carried four- or five-star Morningstar ratings.

Total net outflows improved to $6.5 billion, driven by higher gross sales in North America and EMEA. Cracchiolo said the company is gaining traction in active ETFs, separately managed accounts and models, while Seligman strategies contributed to asset growth and flows.

Capital Returns Continue at Elevated Pace Ameriprise returned $932 million of capital to shareholders in the quarter through share repurchases and dividends, equal to 91% of operating earnings. Berman said the company repurchased 1.7 million shares at an average price of $459 during the quarter.

For the first half of 2026, Ameriprise returned $1.9 billion of capital to shareholders, up 25% from the prior-year period. The company repurchased 3.3 million shares at an average price of $467, compared with 2.3 million shares at an average price of $507 in the first half of 2025.

Berman said Ameriprise ended the quarter with $2.1 billion of excess capital and $2.8 billion of holding company available liquidity. He said the balance sheet and free cash flow generation allow the company to invest for growth while continuing to return capital to shareholders.

About Ameriprise Financial (NYSE:AMP)Ameriprise Financial, Inc is a diversified financial services company headquartered in Minneapolis, Minnesota. The firm provides a range of advice-based wealth management, asset management and insurance products to individual and institutional clients. Its business model centers on delivering financial planning and investment advice through a network of financial advisors alongside proprietary product offerings designed to meet retirement, protection and accumulation needs.

Core products and services include comprehensive financial planning and advisory services, managed investment portfolios, retirement planning solutions, annuities and life insurance products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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2026-07-23 18:06 22d ago
2026-07-23 12:38 23d ago
Super Micro: Market Remains Far Too Pessimistic
SMCI Super Micro Computer
FMP Stock News
Original source text
Super Micro Computer, Inc. delivered preliminary FQ4 results with gross margins of 15–17%, nearly double guidance, and over $60 billion in new orders. SMCI's path to $100 billion in annual revenue is supported by surging orders and expanded manufacturing capacity, with DCBBS products driving margin expansion. The company has a clear path to $10+ EPS by FY28, while consensus estimates remain far lower despite massive order momentum.
2026-07-23 18:06 22d ago
2026-07-23 11:43 23d ago
The M&A Class Action Firm Encourages $hareholders To Contact Monteverde Concerning The Merger—VEEE, NXTC, TCBK, and FHB
FHB First Hawaiian
FMP Stock News
Original source text
NEW YORK, July 23, 2026 (GLOBE NEWSWIRE) --

Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2025 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating

Twin Vee PowerCats Co. (NASDAQ: VEEE) related to its merger with USFM Corporation. Click here for more info https://monteverdelaw.com/case/twin-vee-powercats-co-2/. It is free and there is no cost or obligation to you.

NextCure, Inc. (NASDAQ: NXTC) related to its merger with Avere Therapeutics, Inc. Upon closing of the proposed transaction, NextCure shareholders are expected to own approximately 1.21% of the combined company. Click here for more information https://monteverdelaw.com/case/nextcure-inc/. It is free and there is no cost or obligation to you.

TriCo Bancshares (NASDAQ: TCBK) related to its sale to First Hawaiian, Inc. Upon closing of the proposed transaction, TriCo shareholders are expected to own approximately 35% of the combined company. Click here for more information https://monteverdelaw.com/case/trico-bancshares/. It is free and there is no cost or obligation to you.

First Hawaiian, Inc. (NASDAQ: FHB) related to its merger with TriCo Bancshares. Upon closing of the proposed transaction, First Hawaiian shareholders are expected to own approximately 65% of the combined company. Click here for more info https://monteverdelaw.com/case/first-hawaiian-inc/. It is free and there is no cost or obligation to you.

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2026-07-23 18:06 22d ago
2026-07-23 12:31 23d ago
Custom Health wins Buy rating from Stifel, then seals a pharmacy deal to match
SF Stifel Financial Corporation
FMP Stock News
Original source text
Custom Health Holdings Inc (TSX:CHLT) just landed Buy-rated coverage from Stifel, with analysts setting a C$12 price target and pointing to upside as high as C$18 a share.

The pitch: a pill-dispensing platform that's quietly solving one of healthcare's most expensive headaches.

That headache is medication non-adherence, which costs the US healthcare system an eye-watering $0.5 trillion a year. Only about half of prescriptions get taken as directed, and the fallout, hospitalizations, ER visits, disease progression, adds up fast.

Custom Health's answer is a full-stack system: a device called Spencer that dispenses and monitors pills at home, an AI-powered platform called AdhereNet, and a network of automated pharmacies behind it. Stifel says the result is a 98% adherence rate, far above the industry norm.

Insurers have taken notice. Custom Health already has more than 100,000 patients contracted through deals with major US health plans, including Humana (NYSE:HUM), Elevance and BlueCross BlueShield, plus pain management specialists Commonwealth and BKC. Stifel expects the company to nearly triple its active patient count next year, from about 6,000 to 17,000, helped along by its recent acquisition of InnovativeRx, with revenue more than doubling.

One area where Custom Health has a particularly good story to tell: opioids. The platform helps physicians safely wean patients off opioid prescriptions, which lines up with the NOPAIN Act, a law that kicked in this past January and sweetens Medicare reimbursement for opioid-reduction efforts. Better adherence also tends to boost Medicare Star ratings, translating into higher rebates and bonus payments for health plans.

The typical Custom Health patient is in their 50s or 60s and juggling more than 10 chronic medications, exactly the population set to grow as the US and Canada keep aging.

Stifel thinks the InnovativeRx deal could unlock 4x revenue growth over the next two to three years as Custom Health works through 30,000 of the 100,000 patients already under contract, with more acquisitions still on the table.

The margin story is arguably the most compelling part: the Spencer device alone represents close to a $200 million recurring revenue opportunity at gross margins north of 60%. Layered on top of traditional pharmacy dispensing margins around 20%, Stifel sees a path to EBITDA margins in the high teens, well above what most pharmacy peers manage.

Stifel's initiation wasn't the only news out of Custom Health this month. The company has since signed a binding letter of intent to acquire Wisconsin-based Evergreen Pharmacy LLC, a deal expected to add more than US$78 million in annual revenue.

The price tag is modest relative to that boost: US$3.5 million total, including at least US$1 million in prescription drug inventory and US$450,000 in net working capital, cash on closing, with US$175,000 held back for six months as an indemnity cushion.

Evergreen is licensed to operate in Wisconsin, Illinois and Michigan, with room to expand into Minnesota, and specializes in managing complex therapies across behavioral health, dermatology, gastroenterology, infectious disease, rheumatology and neurology. It brought in about US$78.8 million in revenue and US$0.6 million in normalized EBITDA for the 12 months ended December 31, 2025, and posted positive net income in both fiscal 2025 and the first quarter of 2026.

For Custom Health, the deal fits neatly with the growth story Stifel laid out: more patients on complex drug regimens, a bigger Midwest footprint, and another building block toward that four-times revenue potential.
2026-07-23 18:06 22d ago
2026-07-23 12:26 23d ago
Bloom Energy Set to Report Q2 Earnings: Buy, Sell or Hold the Stock?
BE Bloom Energy
FMP Stock News
Original source text
BE heads into Q2 earnings with surging estimates, AI-driven demand and a major Oracle fuel-cell deal, despite a premium valuation.
2026-07-23 18:05 22d ago
2026-07-23 12:08 23d ago
Eagle Bancorp Q2 Earnings Call Highlights
TBBK The Bancorp
FMP Stock News
Original source text
Eagle Bancorp NASDAQ: EGBN reported lower second-quarter 2026 earnings as elevated credit costs and continued balance-sheet repositioning weighed on results, while the company’s new chief executive outlined priorities focused on asset quality, deposits, operating performance and capital.

The Bethesda, Maryland-based bank holding company posted net income of $6.9 million, or $0.23 per diluted share, compared with $14.7 million in the previous quarter, Chief Financial Officer Eric Newell said on the company’s earnings call. Newell said the decline “primarily reflects elevated provision expense, a smaller interest-earning asset base, continued resolutions associated with addressing problem assets and strengthening the overall health of the balance sheet.”

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Steve Curley, who joined Eagle Bancorp as president and chief executive three weeks before the call, said his immediate focus is on disciplined execution and improving confidence in the franchise.

“Investors are looking for results, not promises,” Curley said. “You’ll judge us by what we do, not what we say, and that’s exactly how we intend to earn your confidence.”

Asset quality remains central focus Management repeatedly emphasized that troubled credits have been identified and are being actively managed. Newell said the company’s approach is to “recognize problems early, reserve adequately, pursue resolution, and maximize recovery.”

Credit metrics improved in several areas during the quarter. Eagle’s commercial real estate concentration ratio declined to 268% at quarter-end from 295% in the prior quarter, moving further below the 300% threshold. Its acquisition, development and construction concentration ratio ended the quarter at 66%.

Criticized and classified assets, including substandard, special mention and held-for-sale loans, fell by about $34.5 million during the quarter to $759.6 million at June 30, compared with $794.1 million at March 31. Newell said those balances have declined more than 30% from their peak in the third quarter of 2025. As a percentage of Tier 1 capital and allowance for credit losses, criticized and classified assets declined to 58.1% at quarter-end, compared with 65.7% at year-end 2025.

The company reported approximately $216 million of downgrade activity during the quarter, including $102 million tied to multifamily loans. Newell said three loans represented all of the multifamily downgrade activity, including $35 million that paid off after quarter-end. The remaining two loans, totaling $64 million, are undergoing restructuring, with “no future losses anticipated,” he said.

Nonperforming loans declined to $111.1 million, or 1.68% of total loans. Provision for credit losses totaled $21.4 million, and net charge-offs were $47.9 million. Newell said the provision was tied to disposition activity during the quarter, while $18.5 million of charge-offs were associated with loans transferred from held for investment to held for sale.

The allowance for credit losses ended the quarter at $121.1 million, or 1.83% of total loans. Newell said about $40 million of reserves were allocated specifically to the bank’s income-producing office portfolio.

Curley said he has personally visited almost all special mention and substandard relationships greater than $7 million, along with several larger watch relationships. “What I found was not a portfolio full of surprises,” he said. “I found a portfolio with known issues, active resolution plans, and teams focused on executing against them.”

Balance sheet and funding strategy Eagle continued to reduce its commercial real estate exposure. Newell said CRE loans declined by $1.7 billion year-over-year, while deposits associated with that portfolio fell by only $152 million. That improved the CRE portfolio deposit funding ratio to 36%, up from 27% a year earlier.

Period-end deposits declined $406.4 million from the prior quarter, driven mainly by lower savings, money market and brokered time deposits. Brokered deposits fell $301.5 million as Eagle reduced reliance on higher-cost wholesale funding. Noninterest-bearing deposits increased to $1.56 billion, up 5.2% from the prior quarter.

Net interest income declined $1.3 million to $62.4 million, reflecting CRE payoffs and a smaller average earning-asset base, partially offset by improved funding mix. Net interest margin expanded five basis points to 2.52%.

Curley said one of his major priorities is improving the bank’s funding profile and building relationship-based core deposits before returning to stronger loan growth. “Too often, banks start by growing loans and then figuring out how to fund them,” he said. “We’ll take the opposite approach.”

Operating performance improves despite credit costs Pre-provision net revenue increased $1.4 million from the prior quarter to $29.1 million. Noninterest expense declined $4.7 million to $44 million, mainly because of lower FDIC insurance expense tied to improved risk and performance metrics and reduced expenses related to loan dispositions. The efficiency ratio improved to 60.2% from 63.8% in the prior quarter.

Newell said year-to-date pre-provision net revenue to average assets was about 109 basis points, an improvement from 2025 and a step toward the company’s intermediate target of roughly 150 basis points.

For 2026, management revised its outlook for average deposits, average loans and average earning assets to reflect first-half reductions, but Newell said the revisions do not assume continued declines in the second half. The bank narrowed its net interest margin outlook to 2.6% to 2.7% and improved its noninterest expense outlook to a decline of 7% to 11% year-over-year. Eagle continues to expect noninterest income growth of 15% to 25% for the year.

C&I growth remains a bright spot Management pointed to commercial and industrial lending as an area of momentum. Newell said C&I loans increased 24% year-over-year, with diversified production and strong credit quality.

Evelyn Lee, chief C&I lending officer, said the bank has benefited from its reputation in the Washington metropolitan area and from hiring experienced bankers. Looking ahead, she said normalized C&I growth would likely be in the “high single digits, low double digits.”

Lee said the C&I strategy is focused on new primary relationships rather than participations, with treasury management growth serving as an indicator of deeper client relationships. She said typical C&I relationships are generally between $5 million and $10 million in exposure, while new production can range from about $7 million to $15 million or $20 million.

In commercial real estate, Ryan Riel, chief real estate lending officer, said the bank expects to stabilize balances in the second half of 2026 but does not expect growth before year-end. Curley added that the company aims to “arrest the decline in the balance sheet” in the back half of the year and return to a growth footing in 2027.

Capital and turnaround priorities Curley said capital is another area under review, though he did not provide specific targets or potential actions. He described capital as “a strategic asset” and said the company is evaluating capital levels, flexibility and ways to create long-term shareholder value.

He also said Eagle is recruiting a new chief credit officer and beginning the search for a chief human resources officer following a planned retirement. The bank plans to continue investing in technology, processes and capabilities while remaining disciplined on expenses.

Asked by analysts about the most immediate opportunity at Eagle, Curley said the key task is stopping the balance-sheet decline. “I’ve never seen a bank shrink to greatness,” he said. He added that the company has opportunities to resume disciplined CRE lending, expand business banking and improve branch productivity.

Curley closed the call by saying his objective is not to remake the company, but to strengthen it. “My objective isn’t to create a different EagleBank,” he said. “It’s to build a stronger EagleBank.”

About Eagle Bancorp (NASDAQ:EGBN)Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial bank headquartered in Bethesda, Maryland. Since its founding in 1998, the company has focused on serving businesses and consumers in the Washington, DC metropolitan area. EagleBank operates a network of full-service branches and commercial banking centers, providing personalized financial solutions to corporate, nonprofit, real estate and individual clients.

The company's product portfolio includes commercial real estate lending, construction and land development financing, small business administration (SBA) loans, commercial and industrial credit facilities, and residential mortgage loans.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in Eagle Bancorp Right Now?Before you consider Eagle Bancorp, you'll want to hear this.

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2026-07-23 18:05 22d ago
2026-07-23 13:07 22d ago
Old Second Bancorp Q2 Earnings Call Highlights
TBBK The Bancorp
FMP Stock News
Original source text
Old Second Bancorp NASDAQ: OSBC reported higher second-quarter earnings and an expanded net interest margin, while management said credit metrics improved despite elevated charge-offs tied largely to previously discussed problem loans.

The Aurora, Illinois-based bank holding company posted GAAP net income of $28.2 million, or $0.54 per diluted share, for the second quarter of 2026, Chairman, President and CEO James Eccher said on the company’s earnings call. Return on assets was 1.65%, while return on average tangible common equity was 15.58%. The company’s tax-equivalent efficiency ratio was 51.72%.

Excluding certain adjusting items, including mortgage servicing rights valuation adjustments and costs related to the 2025 acquisition of Bancorp Financial and its Evergreen Bank Group subsidiary, Old Second earned $28.7 million, or $0.55 per diluted share, Eccher said.

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Margin Expands as Net Interest Income Rises Chief Operating Officer and Chief Financial Officer Brad Adams said net interest income increased to $83.3 million from $81.1 million in the prior quarter and was up $19 million, or nearly 30%, from the year-earlier period.

The bank reported a tax-equivalent net interest margin of 5.23% for the second quarter, up 9 basis points from the linked quarter and 38 basis points from the prior-year quarter. Eccher said the increase reflected higher average balances, lower average time deposit balances, higher short-term rates and repricing of lower-yielding loans originated in 2021 and 2022.

Adams characterized the margin as “ridiculously good,” noting that tax-equivalent loan yields increased 12 basis points and securities yields rose 6 basis points during the quarter. He said the improvement was partly driven by increases in rates along the curve, particularly SOFR and overnight index swap rates, following geopolitical instability.

Total cost of deposits was 100 basis points in the second quarter, compared with 105 basis points in the first quarter and 84 basis points in the second quarter of 2025. Adams said competition for both loans and deposits remains “very robust,” with deposit competition running “pretty significantly above” the Fed funds and Treasury curves.

Looking ahead, Adams said margin trends still appeared stable in the near term, though he suggested the bank could give back a few basis points. In response to an analyst question, he estimated the margin could be around 5.18% in the third quarter and 5.15% in the fourth quarter, while cautioning that market conditions could change.

Loan Growth Returns After Seasonal Declines Total loans increased $60.6 million during the quarter, partially reversing seasonal declines from the first quarter. The loan-to-deposit ratio rose to 96.4% as of June 30, compared with 93.2% at the end of the prior quarter and 83.3% a year earlier.

Adams said loan origination activity reflected a seasonal increase, and the pipeline remained strong. However, he said tariffs and uncertainty related to the war in Iran had caused some borrowers to remain cautious about capital projects. He maintained the company’s full-year loan growth target in the low- to mid-single-digit range, with “a little bit more of a bias” toward the low-single-digit level.

Eccher said second-quarter loan growth came from several areas, including middle-market commercial and industrial lending, commercial real estate, sponsored finance and the powersports portfolio. He said competition remains “fierce,” but management is encouraged by current pipelines.

Charge-Offs Elevated, But Credit Metrics Improve Old Second recorded $9.2 million of net loan charge-offs in the second quarter. Eccher said the charge-offs primarily included two credits that management had discussed on the previous quarter’s call: a $3 million commercial and industrial charge-off related to a warehousing and distribution business, and a $2.8 million commercial real estate investor charge-off tied to an office property in a western suburb of Chicago.

The office property was an acquired credit that had been restructured into an A/B note in 2023 due to challenges in the office market. Eccher said the B note had previously been fully secured by collateral value but recently experienced a decline in value, leading management to conclude its collectibility was in doubt and charge it off. He added that the property continues to generate enough cash flow to support the A note at this time.

Net charge-offs related to the powersports business totaled $2.8 million, down $1.1 million from the prior quarter. Eccher said seasonal patterns typically result in higher usage of ATVs and UTVs during the spring and summer, improving collateral outcomes, and he noted that the business’s contribution margin remained strong.

Despite the charge-offs, management emphasized improvement in broader credit trends. Non-performing loans declined by $19 million, classified assets fell by $16.5 million and non-performing assets decreased 25% during the quarter, Eccher said. Special mention loans declined by $12.5 million, from about $40 million to $27 million, a reduction he called an encouraging leading indicator.

The allowance for credit losses on loans stood at $70.4 million, or 1.34% of loans, at June 30, compared with $72.1 million, or 1.39% of loans, at March 31. Eccher said unemployment and GDP assumptions used in the bank’s loss modeling were largely unchanged from the prior quarter, while tariff volatility and the war in Iran continued to be considered in the model.

On the outlook for credit, Eccher said the company is “really close to having a very clean quarter on the credit front,” though it is still working through a couple of credits. He said charge-offs could move back toward a 35- to 45-basis-point range, while acknowledging that the powersports portfolio may keep levels somewhat higher.

Fee Income, Expenses and Capital Non-interest income increased $631,000, or 5%, from the prior quarter and rose $2.4 million, or 21.7%, from the year-earlier period. Eccher said wealth management had a strong quarter, with income up $245,000 from the linked quarter and $525,000 from the prior-year period. Mortgage banking income increased $97,000 sequentially and $543,000 from a year earlier, primarily due to mortgage servicing rights mark-to-market valuations.

Total non-interest expense increased $1 million from the prior quarter, driven by higher officer incentive and employee insurance costs, elevated OREO expenses and GAP insurance refunds related to legacy Evergreen activity. Adams said he did not see material expense pressures from upcoming investments, saying capital projects are already reflected in the run rate.

Tangible book value per share increased to $14.77 from $14.35 in the prior quarter. The tangible equity ratio rose to 11.19% from 11.07%, while Common Equity Tier 1 capital was 13.28%, up from 13.13% in the first quarter but down from a year earlier due mainly to stock repurchases.

Adams said Old Second repurchased 732,000 shares during the second quarter at an average price of $21.08, reducing equity by $15.4 million and adding about $0.01 to earnings per share. Year-to-date repurchases totaled 1.9 million shares at an average price of $20.31. After exhausting its prior authorization, the board approved a new plan to repurchase about 2.5 million shares through June 30, 2027.

Adams said management expects to remain “active and aggressive” with buybacks given the company’s capital position. He also said Old Second remains interested in well-priced mergers and acquisitions that add to franchise value, though management currently has a bias toward smaller transactions.

Eccher closed the call by saying the bank is “cautiously optimistic” because of improved credit metrics and remains optimistic about loan growth and potential strategic growth opportunities.

About Old Second Bancorp (NASDAQ:OSBC)Old Second Bancorp, Inc is a bank holding company based in Aurora, Illinois, serving businesses and consumers through its primary subsidiary, Old Second National Bank. The company provides a broad range of commercial and retail banking services across the suburban Chicago marketplace, supported by a branch network and online platforms designed to meet the financial needs of local communities.

In its commercial banking division, Old Second offers lending solutions that include lines of credit, term loans, equipment financing and commercial real estate financing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in Old Second Bancorp Right Now?Before you consider Old Second Bancorp, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Old Second Bancorp wasn't on the list.

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2026-07-23 18:04 22d ago
2026-07-23 10:25 23d ago
Gold Retreats After Touching Two-Week Peak as Crude Rally Stokes Inflation Worries
RLY Rally
CoinGecko News
Original source text
TLDR Yellow metal declined approximately 1% Thursday following Wednesday’s two-week peak Geopolitical turmoil in Middle East drove crude prices upward, intensifying inflation worries Upcoming Federal Reserve policy meeting dominates precious metal market attention Market participants remain uncertain about potential additional rate increases Bargain hunters continue accumulating positions despite elevated interest rate environment Precious metal valuations retreated Thursday following their climb to a two-week summit during the prior session. New York futures contracts declined approximately 1% to $4,110 per troy ounce during morning trade.

Gold Aug 26 (GC=F) The downturn materialized after the yellow metal gained roughly 3% across the preceding two trading days. Bargain-seeking investors had entered the market even as strengthening U.S. Treasury yields applied downward pressure on the commodity.

Spot gold decreased 0.1% to $4,127.99 per ounce around 5:31 GMT. Futures contracts fell 0.5% to $4,130.62. Both silver and platinum registered modest gains during the session.

Middle East Turmoil Elevates Energy Costs Intensifying regional conflict in the Middle East continues to maintain inflation anxieties. The United States and Iran demonstrated minimal indication of resuming diplomatic discussions as tensions escalated further.

BREAKING: The next phase of the war may be imminent. Israel has reportedly entered its highest state of military readiness after being notified by Washington that the United States is preparing a major expansion of operations against Iran, according to Kan.

The report says U.S.…

— The Iranian Letter (@TheIranianzg3z) July 23, 2026

Strikes targeting petroleum tankers in the Red Sea occurred for the first occasion since hostilities erupted in late February. Yemen’s Houthi faction assumed responsibility for these assaults.

The Red Sea represents a critical pathway for Saudi Arabian petroleum shipments. The disruptions contributed to oil valuations reaching multi-week summits, prompting markets to recalibrate inflation projections.

Higher oil prices amplify inflation expectations. This holds significance for gold since it elevates the probability that the Federal Reserve maintains restrictive monetary policy for an extended duration.

Elevated rates amplify the opportunity cost associated with holding gold, which generates no income. This dynamic typically pressures valuations downward.

Fed Meeting in Focus Market participants are closely monitoring next week’s Federal Reserve policy gathering. The monetary authority is broadly anticipated to maintain current rate levels this month.

Nevertheless, financial markets are incorporating expectations for at least one additional rate increase before year-end. Fed Chair Kevin Warsh has provided limited clarity regarding future policy direction, amplifying uncertainty.

Investors display divided opinions regarding the timing of potential additional tightening. This ambiguity is maintaining gold within a consolidation range near present levels.

Despite rate-related headwinds, certain buyers have been expanding their gold allocations. ANZ analysts observed that non-commercial net long exposures have risen to their most elevated level since January.

Capital flowing into gold-backed exchange-traded funds has similarly accelerated. ANZ indicated some investors appear to be deploying gold as protection against elevated equity market valuations.

The institution highlighted that dip-buying activity has supported gold even as energy market developments suggest a more hawkish policy environment.

Gold has maintained positioning above the $4,000 threshold this week, a psychologically significant level monitored by market participants. The commodity experienced a sharp decline from its January record earlier this year.

The subsequent critical level under trader scrutiny is resistance approaching $4,200. Whether gold can generate sufficient upward momentum to test that barrier will likely hinge on Federal Reserve communication next week.
2026-07-23 18:04 22d ago
2026-07-23 12:03 23d ago
Bitcoin Experiences a Strong 7-Day Winning Streak! Does it Signal a New Rally?! Santiment Issues Both Bullish and Warning Messages!
BTC Bitcoin RLY Rally
CoinGecko News
Original source text
After a prolonged period of outflows, Bitcoin has seen a shift to inflows. According to Farside Investors data, US spot Bitcoin ETFs recorded a net inflow of $69.1 million the previous day. This marks the seventh consecutive day of net inflows.

On-chain data platform Santiment noted that Bitcoin ETFs have recorded net inflows for seven consecutive days since July 14th, with total ETF inflows reaching $981.2 million, driving Bitcoin up to $66,300.

At this point, Santiment noted that this steady series of inflows, following the heavy fund outflows seen in May and June, is considered a significant signal that institutional investor confidence is recovering.

Santiment analysts note that sustained demand for ETFs could have a supportive effect on the Bitcoin price.

Santiment also drew attention to an important detail regarding ETFs and the BTC price. Analysts noted that a similar series of inflows was last seen in October 2025, and that the strong surge following that inflow led Bitcoin to its all-time high of $126,000.

Analysts say that while there’s no guarantee this trend will repeat itself and trigger a surge, the momentum in ETF inflows is a key indicator that the market should closely monitor.

Santiment analysts note that the current ETF inflow is creating a positive environment for Bitcoin to potentially recover towards the $70,000 level. However, they also warn that a sudden, massive inflow could indicate excessive optimism (FOMO) in the market and the formation of a short-term price peak.

*This is not investment advice.

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2026-07-23 18:04 22d ago
2026-07-23 14:25 22d ago
Bitcoin Price Analysis: BTC Rally Loses Steam as Historical Resistance Comes Into Play
BTC Bitcoin RLY Rally
CoinGecko News
Original source text
Bitcoin’s latest rally has carried the asset back into an area where sellers have previously regained control. The coming sessions should reveal whether this recovery has enough strength to continue or if another rejection is waiting around the corner.

Bitcoin Price Analysis: The Daily Chart On the daily timeframe, BTC has extended its recovery into the $65.5K-$66.7K supply zone after successfully reclaiming the descending trendline that had capped the price action for weeks. While this breakout represents a notable improvement in market structure, the broader trend remains constrained beneath the declining 100-day moving average, with the 200-day moving average positioned even higher.

The current resistance zone also coincides with a previous distribution area, increasing the likelihood of seller activity around current levels. A decisive daily close above $66.7K would strengthen the bullish case and expose the next resistance around $72K-$74K.

On the downside, the former breakout area near $63K-$64K now serves as the first demand zone. As long as BTC holds above this region, buyers remain in short-term control. Losing this support would shift attention back toward the broader demand zone around $58K-$59.5K, where the latest impulsive rally originated.

BTC/USDT 4-Hour Chart The 4-hour chart highlights a clear shift in momentum after Bitcoin broke above the descending trendline and rallied directly into the overhead supply zone around $65.5K-$66.7K. The market is now consolidating beneath resistance after rejecting the upper boundary of the range.

This pause appears consistent with profit-taking rather than a confirmed trend reversal, especially since the previous resistance trendline has already been reclaimed. If buyers manage to absorb the current supply, a breakout above $66.7K could trigger another impulsive leg higher.

However, failure to sustain current levels would likely result in a pullback toward the $63K-$64K demand zone, which aligns with the recently broken trendline and could serve as the next area for buyers to defend before another attempt higher.

Sentiment Analysis The one-year Binance liquidation heatmap shows a notable concentration of short-side liquidity around the $88K region, standing out as one of the largest untouched liquidity pools above the current market price.

From a market structure perspective, this aligns with the broader idea that Bitcoin may eventually be drawn toward that liquidity. However, until price sweeps the $90K cluster and successfully establishes acceptance above it, it is difficult to argue that the higher-timeframe trend has fully transitioned into a bullish market.

As a result, the current recovery should still be viewed with caution. Although the technical structure has improved over the short term, every bullish leg can still be interpreted as corrective within the broader bearish context until the major overhead liquidity is cleared and price stabilizes above that region.

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2026-07-23 18:04 22d ago
2026-07-23 13:58 22d ago
USD/JPY Forecast: Yen keeps showing persistent weakness
USDJPY USD/JPY
FMP Forex News
Original source text
The latest trading sessions continue to show weakness in the Japanese yen. This dynamic is reflected in USD/JPY, which has gained more than 0.7% over the last 3 sessions, highlighting the loss of strength in the Japanese currency.

For now, buying pressure in the pair remains supported by the wide rate differential with the United States, which could even widen over the coming months. In addition, renewed dollar strength, driven by updates in the Middle East, has also supported the advance in USD/JPY.

If these catalysts remain in place, buying pressure in the pair could continue to be relevant over the next few trading sessions.

Is the rate differential still weighing on the yen? Over the last few months, the rate differential between the United States and Japan has been one of the main factors behind yen weakness. While the Federal Reserve maintains a reference rate of 3.75%, Japan keeps one of the lowest interest rates in the world, near 1.00%.

This difference is also reflected in the bond market. Although bonds in both countries have shown recent increases in yields, the gap remains wide. U.S. 10-year Treasury yields have already reached a new yearly high near 4.7%, while Japan’s 10-year bond yields remain much lower, around 2.7%.

Source: TradingEconomics

This dynamic continues to limit the appeal of the Japanese yen. Higher U.S. bond yields favor dollar-denominated investments over yen-denominated assets, a relationship that has remained in place for several months and has restricted demand for the Japanese currency.

What is relevant now is that this differential could widen even further. So far, there have been no major updates from the Bank of Japan pointing to a possible rate hike. In contrast, the Federal Reserve has started to reflect a higher probability of higher rates over the coming months.

According to the CME Group probability table, for the September 16 decision, there is still a dominant probability above 56% that the United States could deliver a rate hike, which would further widen the differential with Japan.

Source: CMEGROUP

As a result, if the market continues to see a stable Bank of Japan with no relevant changes, compared with a potentially more aggressive Federal Reserve, the rate differential could continue to favor the relative appeal of the dollar. This dynamic may make a sustained yen recovery more difficult and could maintain buying pressure in USD/JPY over the next few sessions.

Is Middle East becoming relevant again? New updates in the Middle East suggest that risk may be increasing not only around the Strait of Hormuz, but also in the Red Sea, following attacks carried out by Iran-backed groups from Yemen. This event adds to new U.S. military actions and reflects a scenario that still appears far from a negotiated solution in the short term.

The escalation continues to support oil prices, increase uncertainty and lift the market’s risk premium.

In this context, the U.S. dollar has started to show a renewed recovery. This is reflected in the DXY index, which measures the dollar’s strength against its main peers, and which has already moved above the 101-point area after several consecutive advances.

This suggests that, as seen in previous months, the dollar could be acting as a liquidity-driven safe-haven currency amid rising tensions in the Middle East.

Source: TradingEconomics

This dynamic is also important for the yen. If the conflict continues to escalate and the dollar maintains its strength as a safe-haven asset, the Japanese currency could struggle to regain ground consistently. For this reason, USD/JPY could continue to show buying pressure over the next few trading sessions.

Technical forecast for USD/JPY

Source: StoneX, Tradingview

Bullish trend appears unstoppable: For several months, USD/JPY has maintained a dominant bullish trend line. This structure remains the most relevant pattern on the chart, especially due to the lack of selling moves strong enough to put the main trend at risk. As long as buying pressure remains in place, this trend line could continue to act as the dominant technical reference over the next few sessions.
  RSI: The RSI remains above the neutral 50 level, reflecting dominant buying impulses in the short term. However, it is also important to note that the indicator has started to form lower highs, while USD/JPY price action continues to register higher highs. This dynamic has created a possible bearish divergence, which could warn of excessive recent buying pressure and open room for potential short-term corrections
  MACD: The MACD shows a histogram increasingly close to the neutral 0 area. This suggests that the strength of short-term moving averages is starting to balance out. For this reason, the indicator could also be anticipating a phase of greater neutrality on the chart over the next few sessions.
  Key levels:

164.238 – Key resistance: Given the lack of relevant references from previous years, this level coincides with the 61.8% area of a trend-based Fibonacci extension. If price manages to approach this zone again, it could reinforce the buying bias and keep the bullish trend line as the dominant structure.
  161.898 – Near-term barrier: This area works as an important technical reference, as it coincides with the highs recorded in previous weeks. It could also act as a tentative barrier in case of possible short-term corrections.
  160.214 – Main support: This area remains the most relevant support on the chart. In addition to coinciding with recent retracements and acting as a psychological market level, it also aligns with the base of the major bullish trend line. Moves that approach this level again could put the bullish structure at risk and open room for a more relevant selling bias over the coming weeks.
  Written by Julian Pineda, CFA, CMT – Market Analyst

Follow him on: @julianpineda25
2026-07-23 18:03 22d ago
2026-07-23 12:30 23d ago
Quantum Computing Stocks Are Falling. Should You Buy IonQ or D-Wave, or Just Stick With Nvidia?
IONQ IONQ
FMP Stock News
Original source text
Quantum computing stocks spent late 2025 sprinting for the ceiling, but now they're rediscovering gravity. IonQ (IONQ -1.13%) is down 37% over the past month, and D-Wave Quantum (QBTS -1.01%) has fallen by 28% in the same period. Even shares of Nvidia (NVDA -1.40%), which doesn't directly compete in quantum computing despite significant indirect participation, have been drifting sideways as investors rebalance the artificial intelligence (AI) trade.

So are the two beaten-down pure plays worth buying on the dip, or is it better to just buy Nvidia?

Image source: Getty Images.

How the pure plays size up The first thing to know about IonQ and D-Wave is that they're both banking on the federal government as a major customer, both now and in the future, just like many other quantum computing businesses.

IonQ has over $100 million in Air Force Research Lab contracts, plus extensive DARPA and Oak Ridge work queued up. D-Wave has a $1.6 million National Science Foundation (NSF) grant, and a $100 million letter of intent for future spending under the Chips Act -- but that's not the same as an order from a paying customer, at least not yet.

Today's Change

(

-1.13

%) $

-0.39

Current Price

$

34.29

In terms of revenue, IonQ brought in $64.7 million in the first quarter of 2026, up 755% year over year, and raised its full-year guidance to between $260 million and $270 million. So it's not having much of a problem finding sources of growth, though there's still no timeline on when it might be profitable.

D-Wave's revenue was only $2.9 million in the same quarter, down 81% compared to a year ago, thanks to a one-time $12.6 million system sale last year, though its Q1 bookings jumped to $33.4 million. It presently looks highly reliant on the proposed Chips Act funding to fill out its top line, as its core revenue isn't growing much, even after taking into account the big sale from 2025.

Both of these companies are highly risky investments, and they might not ever be profitable enough to return capital to investors.

Today's Change

(

-1.01

%) $

-0.18

Current Price

$

17.18

For the moment, they're more reliant on narratives and catalysts than their progress toward profitability, as even starting down that road is at least a handful of years into the future for both. Among these two, IonQ thus has a fair bit more traction and $3.1 billion in cash and equivalents, whereas D-Wave only has $588 million.

Why Nvidia is the smarter call Nvidia isn't as exposed to quantum computing as IonQ or D-Wave; its intention is to create foundational resources that will drive demand for its graphics processing units (GPUs) and enable it to market various software and hardware solutions specifically for hybrid quantum-classical setups.

To that end, in October 2025, the company launched NVQLink, an interconnect that links quantum processors to GPUs for real-time error correction and hybrid workloads. Seventeen quantum hardware developers signed on, including IonQ and several of its competitors. CUDA-Q, Nvidia's open-source hybrid programming platform, is the control surface for NVQLink.

The effect of this positioning is that every serious quantum program now needs racks of Blackwell GPUs alongside its qubits. Nvidia doesn't have to pick a quantum winner to build hardware for, because they all already run on its hardware.

Today's Change

(

-1.40

%) $

-2.96

Current Price

$

209.10

But, as good as that sounds, it won't move the needle for Nvidia stock in the near term.

It generated $81.6 billion in revenue in the fiscal first quarter of 2027, with $75.2 billion of that sum from its data center segment. The entire quantum computing industry is thus, for Nvidia, mostly optionality that's bolted onto a business already generating extraordinary sales and cash flow. It's seeding the growth markets that it wants to sell to today at a small scale, and potentially at a much larger scale in the future.

Therefore, Nvidia is going to win in quantum computing, whether IonQ, D-Wave, one of their peers, or none of them end up solving their various major technical hurdles. It's almost certainly a better purchase than either of the two pure plays, and it's much lower-risk in comparison.
2026-07-23 18:03 22d ago
2026-07-23 13:10 22d ago
Will Prosperity Bancshares (PB) Beat Estimates Again in Its Next Earnings Report?
PB Prosperity Bancshares
FMP Stock News
Original source text
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Prosperity Bancshares (PB - Free Report) . This company, which is in the Zacks Banks - Southwest industry, shows potential for another earnings beat.

This financial holding company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 3.89%.

For the most recent quarter, Prosperity Bancshares was expected to post earnings of $1.41 per share, but it reported $1.5 per share instead, representing a surprise of 6.38%. For the previous quarter, the consensus estimate was $1.44 per share, while it actually produced $1.46 per share, a surprise of 1.39%.

Price and EPS Surprise

For Prosperity Bancshares, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Prosperity Bancshares currently has an Earnings ESP of +1.76%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on July 29, 2026.

Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.

Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
2026-07-23 18:01 22d ago
2026-07-23 13:10 22d ago
Will Advance Auto Parts (AAP) Beat Estimates Again in Its Next Earnings Report?
AAP Advance Auto Parts
FMP Stock News
Original source text
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Advance Auto Parts (AAP - Free Report) , which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry.

This auto parts retailer has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 103.60%.

For the most recent quarter, Advance Auto Parts was expected to post earnings of $0.39 per share, but it reported $0.77 per share instead, representing a surprise of 97.44%. For the previous quarter, the consensus estimate was $0.41 per share, while it actually produced $0.86 per share, a surprise of 109.76%.

Price and EPS Surprise

For Advance Auto Parts, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Advance Auto Parts currently has an Earnings ESP of +8.04%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #2 (Buy) indicates that another beat is possibly around the corner.

With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.

Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.